The US House of Representatives voted on Wednesday to raise the national debt ceiling to $31.4 trillion. The Senate previously approved the new loan limit. In both chambers, only Democrats voted for the increase.

The increase was made possible by a complicated deal signed by US senators from both sides last Tuesday. In doing so, a temporary law was created that would allow Democrats to avoid defaulting on the national debt without voting from the Republican opposition.

After all, voting to raise the debt ceiling would not go down well with Republican supporters.

The debt ceiling, which the US Congress has been set for about eighty years to enable the government to meet its spending obligations, stood until recently at about 29 trillion dollars. Therefore, the newly established borrowing limit represents an increase of about 2.5 trillion dollars.

The new limit will allow the US to meet payment obligations until early 2023.