Bill to raise debt ceiling passes days before default
The House passed a deal brokered by Joe Biden and Republican House speaker Kevin McCarthy with a final vote of 314 to 117Don’t already get First Thing in your inbox? Sign up hereGood morning.The House passed a bill yesterday to raise the debt ceiling until January 2025, clearing a major legislative hurdle with just days left before the US was expected to default.Though more Democrats than Republicans voted for the deal, key Democratic programs a…
House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package on late May 31, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.
US debt ceiling bill passes House with broad bipartisan support
A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default.
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