United States House of Representatives on Tuesday voted to raise the debt ceiling of the country, giving the bill one final legislative push required in the chambers. The bill will now land on the desk of President Joe Biden, awaiting an executive approval.
The vote on Tuesday ended with a tally of 219-206.
Even though the lawmakers have managed to keep the government funded, the legislation is only a partial and short-term fix for the disagreement between Democrats and Republicans. United States government would only be financially insured till December 3.
Right before Tuesday's crucial vote, House Republicans attempted to deflect the poll before it was even suggested. A motion was raised in the House to suspend the session for the day by adjourning the meeting. However, the Democrat-controlled chamber failed the vote.
The swift approval from the lower lawmaking chamber of the United States will allow the country to continue to pay its bills with an addition of $480 billion to the borrowing capacity.
The Senate last week broke a filibuster with a thinly divided vote, which required at least 60 lawmakers in favour of the debt extension. A total of 11 members of the Republican party, including Senate minority leader Mitch McConnell, voted with the Democrats.
Treasury Secretary Janet Yellen had warned that steps to stave off a default on the country's debts would be exhausted by Monday, and from that point, the department would soon be unable to fully meet the government's financial obligations, according to reports from Associated Press.
The current debt ceiling is $28.4 trillion. Both parties have contributed to that load with decisions that have left the government rarely operating in the black.