According to the estimates of the Ministry of Finance, this will cover the country’s expenses until December 3.
On Tuesday, the Democrat-controlled House of Representatives of the U.S. Congress approved an increase in the national debt ceiling by $480 billion, which, according to estimates by the U.S. Treasury, will cover the costs until December 3. The C-SPAN TV channel broadcasted the meeting.
The measure approved by both chambers of Congress will raise the national debt limit to about $28.9 trillion. If lawmakers were unable to reach a compromise on the borrowing ceiling, the U.S. could face the threat of default.