The US debt ceiling saga in numbers

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The US Senate is expected to approve the debt ceiling deal this evening, ending months of political wrangling. IFAonline gives you the saga in numbers...

$2.1tn - amount the debt ceiling is being raised by. There will be an immediate $400bn increase, with the President able to order another $500bn increase in the autumn $2.4tn - amount the deficit will be cut by over 10 years, with $917bn worth of spending cuts kicking in from October $14.3tn - the borrowing limit until the deal is ratified tonight 269 - number of members of the House of Representatives who voted for the deal, with 161 against. A significant number of Democrats opposed the spending cuts while Republicans aligned with the Tea Party movement felt they didn't go far en...

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