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THIS DAY AT LAW
Today in legal history...

Monday, December 24, 2012

US Senate voted to raise debt ceiling
Sarah Steers at 12:00 AM ET

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.




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