26 vote the Senate passed President Obama’s U.S. federal government’s public debt will increase $ 1.2 trillion cap requirements, that the U.S. federal government living beyond the situation will continue.
Obama 12 request to Congress, the federal government’s public debt ceiling increase $ 1.2 trillion of the U.S. federal government because it was the total debt from $ 15.2 trillion of public debt ceiling of less than $ 100 billion.
according to Democratic and Republican parties reached an agreement last summer, lawmakers have 15 days to the President’s call for a vote. Republican-led U.S. House of Representatives voted against Obama 18 requirements, but Obama can veto against the resolution of Congress to ensure that public debt ceiling increase.
According to the agreement reached last year between the two parties, the U.S. federal government’s public debt ceiling will be about $ 14.3 trillion in the original basis by at least $ 2.1 trillion in three steps. Congress twice last year, the debt ceiling will be increased by $ 400 billion and $ 500 billion, with the further increase of public debt ceiling $ 1.2 trillion since July last year, the U.S. federal government’s public debt ceiling will increase total $ 2.1 trillion to about $ 16.4 trillion, the federal government is expected to support operations to the end of this year’s election.
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