The U.S. House of Representatives on Thursday voted to increase the government’s borrowing authority to $14.3 trillion, sending the measure to President Barack Obama to sign into law.
By a vote of 233 to 187, the House voted to raise the nation’s debt limit by $1.9 trillion, which would probably allow lawmakers to avoid revisiting the politically toxic issue before November congressional elections.
The Senate passed the bill last week.
Full story: U.S. House backs debt limit hike, sends to Obama – Reuters