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House passes bill to raise debt ceiling

Posted on AllSides May 31st, 2023
From The Center

The House on Wednesday night passed a bipartisan bill to suspend the debt ceiling, overcoming vocal opposition from conservative and liberal lawmakers and bringing the country one step closer to avoiding an economy-rattling default ahead of next week’s deadline. The legislation — which was crafted through negotiations between President Biden, Speaker Kevin McCarthy (R-Calif.) and their designees — cleared the chamber in a bipartisan 314-117 vote and now heads to the Senate, where leaders are hoping for swift consideration as the default deadline looms. Treasury Secretary Janet Yellen has warned...

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https://thehill.com/homenews/house/4029385-house-passes-bill-to-raise-debt-ceiling-days-ahead-of-default-deadline

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