Congress has days to OK debt limit deal before default: Timeline of what's next

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A critical deal to raise the nation's debt ceiling was announced over the weekend, and lawmakers in Washington now face one week to pass the bill in both chambers of Congress before the predicted deadline when default would begin.

Despite the breakthrough on an agreement between President Joe Biden and House Speaker Kevin McCarthy, legislative hurdles remain to get the 99-page debt and spending bill to Biden's desk by next Monday.

That started a 72-hour countdown, which is the period of time McCarthy promised to his members to review the legislation before a vote in the House. If all three were opposed to the bill in committee, a Democrat would need to join the remaining Republicans to vote to advance the bill to the full House.May 31: House to voteThe number of votes needed to pass the legislation, if all members are present, is 218.

President Joe Biden speaks in the Roosevelt Room of the White House, on May 28, 2023, in Washington, D.C.Some members of the Freedom Caucus, who sought more sweeping spending reductions, have said they will try to stop it from passing the House. McCarthy predicted to ABC's Trish Turner on Sunday that a majority of Republicans will support it. House Democratic leader Hakeem Jeffries said onhe expects that there "will be Democratic support once we have the ability to actually be fully briefed by the White House" but he wouldn't predict what the number of votes would look like.

The president also said he's been working the phones speaking to a "number" of legislators, including Senate Minority Leader Mitch McConnell. May 31 or later: Senate consideration

 

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