US EditionDebt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
- The House of Representatives has approved a debt ceiling and budget cuts package negotiated between President Biden and Speaker McCarthy, with a vote of 314-117.
- The compromise restricts spending for the next two years, suspends the debt ceiling into January 2025, changes policies including work requirements for older Americans receiving food aid, and boosts funds for defense and veterans while reducing money for Internal Revenue Service agents.
- While the package did not please many lawmakers, it is considered better than the alternative of a default crisis. The Senate is expected to pass the bill before the Treasury's deadline next Monday.
338 Articles
338 Articles
Senate races to wrap up debt ceiling deal
WASHINGTON — Days away from a default crisis, the U.S. Senate dashed on Thursday to wrap up work on a debt ceiling and budget cuts package that overwhelmingly cleared a House vote, aiming to send it to President Joe Biden’s desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said the chamber was digging into the bill that Biden negotiated with Speaker Kevin McCarthy and would “keep working until the job …
Senate races to wrap up Biden-McCarthy debt ceiling deal before default deadline
By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI (Associated Press) WASHINGTON (AP) — Days away from a default crisis, the U.S. Senate dashed on Thursday to wrap up work on a debt ceiling and budget cuts package that overwhelmingly cleared a House vote, aiming to send it to President Joe Biden’s desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said the chamber was digging into the bi…
Senate races to wrap up Biden-McCarthy debt ceiling deal before default deadline
By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI (Associated Press) WASHINGTON (AP) — Days away from a default crisis, the U.S. Senate dashed on Thursday to wrap up work on a debt ceiling and budget cuts package that overwhelmingly cleared a House vote, aiming to send it to President Joe Biden’s desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said the chamber was digging into the bi…
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