$11.3 trillion will be the new ceiling on the national debt. As of September 18, our national debt was $9,664,631,803,259.07. The current ceiling for the national debt had already gone up to $10.6 trillion.
The additional $700 billion would take the national debt ceiling to $11.3 trillion.
The story Rescue plan seeks $700B to buy bad mortgages has some more details.
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