Senate Proposes Increasing U.S. Debt Limit to $14.3 Trillion

Senate Proposes Increasing U.S. Debt Limit to $14.3 Trillion

Jan. 21 (Bloomberg) — The U.S. debt limit would be raised by $1.9 trillion to $14.29 trillion under an amendment proposed in the Senate.

The chamber began debate yesterday on raising the debt ceiling for the fifth time in two years after lower tax revenue from the recession and higher stimulus spending boosted the calendar-year budget deficit to an all-time high last year.