U.S. House passes debt ceiling rise with minimal majority

Source: Bloomberg Businessweek
The U.S. House of Representatives passed an increase of the debt ceiling on Tuesday evening, voting with a 221-201 majority, as only 28 Republicans joined the Democratic minority to vote for the document. Therefore, now the Treasury is allowed to borrow till March 15, 2015. However, the bill still has to go through a vote in the Senate, where 60 out of 100 votes are necessary to pass it.
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