Without an agreement, federal money was feared to run out as early as October.
The U.S. Senate decided last week to raise the country’s debt ceiling until December, providing a temporary solution to the dispute. For its part, the House of Representatives approved raising the debt ceiling on Tuesday.
The U.S. debt ceiling has been $ 28,400 billion. Politicians agreed to raise the debt ceiling by $ 480 billion.
Without an agreement, federal money was feared to run out as early as October. In the weeks to come, however, Democrats and Republicans may face a new dispute over the debt ceiling.