On December 24, 2009, the US Senate voted in favor of a bill to raise the federal borrowing limit, or debt ceiling, by $290 billion per the recommendation of the US Treasury Department. The bill had been approved by the House of Representatives on December 16, 2009. This debt ceiling increase was the fourth in 18 months, and added to debt ceiling increases passed under the Bush administration.



Learn more about the federal budget from the JURIST news archive.

Also on This Day at Law:


NYT revealed NSA warrantless surveillance program
ECOWAS threatened use of force in removal of Ivory Coast president