12/7/2021, 8:05 PM (Source: TeleTrader)
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Congress weighs plan to up debt ceiling by $2T - report

The United States Congress is considering a plan to increase the federal debt ceiling by $2 trillion, CNBC reported on Tuesday.

If accepted, the amount would be enough to "last through the midterms" in November 2022, the report explained.

Should the lawmakers from the Republican party agree to the plan, the Democrats in the Senate would be given a one-time authority to adopt the hike by a simple majority.

Baha Breaking the News (BBN) / BU