Debt ceiling bill clears key hurdle in the House, teeing up final vote
- House Speaker Kevin McCarthy is seeking support from Republicans for the debt ceiling and budget deal he negotiated with President Joe Biden to avoid a US default.
- The deal, which would limit spending over the next two years, faces opposition from conservative factions within the Republican Party who believe it falls short of their expenditure cutback demands.
- Quick passage by both the House and Senate is needed to ensure federal payments continue to be issued, preventing economic turmoil worldwide from the United States' failure to pay its bills.
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Leaning Left51Leaning Right15Center110Last Updated11 months agoBias Distribution63% Center