The U.S. Senate voted to raise the debt ceiling

$S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ The US Senate voted to increase the US debt limit by US$2.5 trillion to US$31.4 trillion, a move that will prevent the Treasury Department from defaulting on any debt in the coming weeks. The passage of the Senate cleared the way for the House of Representatives to vote on the legislation and send it to President Biden to sign it as a law.

Article excerpted from Reuters Financial Morning Post