The US Senate approved a $1.9 trillion boost in the amount of debt the federal government can take out. The bill, which passed 60 to 40, would establish the new limit at $14.3 trillion -- equal to about $45,000 for every American. Senate also voted 77-23 to end debate and then voted 70 to 30 to approve confirmation of Ben S. Bernanke for a second four year term as Federal Reserve chairman. Many expressed concern over confirming Bernanke "who has presided over the worst economic downturn in generations."
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Senate Boosts Federal Debt & Confirms Fed Reserve Chair Bernanke
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