Congress Votes to Increase Debt Limit.

The article reports that the U.S. Congress passed the HR 4314 to raise federal debt limit. It notes that Congress authorized a short-term increase to give the Treasury an additional 290 billion dollars. It states that the House passed a legislation that allows the limit to increase from 925 billion dollars to 13.029 trillion dollars. Moreover, a bipartisan group of senators wanted to attach legislation that will allow them to create a bipartisan task force who will review the federal debt.