House Overwhelmingly Approves Biden-McCarthy Debt Ceiling Bill

In a 314-117 majority vote on Wednesday night, the House approved a bill to suspend the federal debt ceiling through January of 2025. The vote took place just days before the June 5 deadline for the government to free up funds lest the United States be unable to pay off its debt obligations, and potentially plunge the economy into crisis. The bill, the result of protracted negotiations between House Republican leadership and the Biden administration, saw President Biden cave to various demands from McCarthy’s camp, including more stringent work requirements...