Congress OKs $1.9 trillion boost in debt limit
By Jeanne Sahadi, senior writerFebruary 4, 2010: 4:42 PM ET
NEW YORK (CNNMoney.com) -- The House on Thursday approved a record $1.9 trillion increase in the cap on how much the government can borrow.
The House also approved a measure that imposes tougher budget rules on lawmakers.
The votes, which broke down largely along party lines, come one week after the Senate approved both measures.
The legislation, which is expected to be signed by President Obama, will raise the debt ceiling to $14.294 trillion.
