The House of Representatives Thursday voted to raise the debt limit by $1.9 trillion. That vote raises the debt ceiling to $14.3 trillion, a new high for the amount of debt the U.S. has ever carried.
As recently as 2001, the U.S. debt was only at $5.7 trillion. But exploded throughout the past decade after Sept. 11, 2001, amid record spending by the Bush and Obama administrations.
The Senate approved the debt limit increase in mid-January on a 60-40 party-line vote.
The House vote was a close one, 217-212. All Republicans and more than 30 Democrats voted against raising the debt ceiling.
Moderate and fiscally-conscious Democrats were suspect of voting to hike the debt.
The debt ceiling increase is part of a broader bill that would impose so-called "PAYGO" rules on the House. In other words, the House would have to pay for all tax cuts or programs it creates so they are budget neutral.