House Rules Committee Advances Bill to Raise Debt

The House Rules Committee narrowly advanced a bipartisan bill to raise the federal debt ceiling to $31.4 trillion, despite Republican opposition, according to the New York Post. The GOP-controlled committee voted 7-6, with no Democrats supporting the measure. The bill faces resistance from the House Freedom Caucus, which threatens to derail the deal and jeopardize Speaker Kevin McCarthy's position. The bill, dubbed the Fiscal Responsibility Act, suspends the debt limit until 2025 but includes provisions for spending cuts, work requirements for food benefit programs, and reductions in IRS funding. The...