Congress sends Obama bill to raise debt ceiling Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 1:22 pm, Thursday, January 31, 2013 The legislation would temporarily suspend the $16.4 trillion limit on federal borrowing, which experts say would allow the government to borrow about $450 billion to meet interest payments and obligations like Social Security benefits and government salaries. The short-term increase in the borrowing limit was the ... Read More