The US Congress approves raising the national debt ceiling to $31.4 trillion

The US Senate voted to raise the country’s national debt ceiling by $2.5 trillion to $31.4 trillion.

Moreover, this initiative must be approved in the House of Representatives of the US Congress. The document will then be sent to the head of state, Joe Biden, for his signature.

Earlier, analysts at the bipartisan political center in the United States said the country should raise the public debt ceiling by December 21. According to experts, the deadline for debt reduction, when the United States will not be able to fully meet its obligations, will come between December 21, 2021 and January 28, 2022.