Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate

  • 📰 KTVU
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

BREAKING: House votes to pass debt ceiling bill, clearing major hurdle

and greenlighting an Appalachian natural gas line that many Democrats oppose. It bolsters funds for defense and veterans.

Top GOP deal negotiator Rep. Garret Graves of Louisiana said Republicans were fighting for budget cuts after Democrats piled onto deficits with extra spending, first during the COVID-19 crisis and later with Biden's Inflation Reduction Act, with its historic investment to fight climate change. For weeks negotiators labored late into the night to strike the deal with the White House, and for days McCarthy has worked to build support among skeptics. At one point, aides wheeled in pizza at the Capitol the night before the vote as he walked Republicans through the details, fielded questions and encouraged them not to lose sight of the bill’s budget savings.

House Democratic leader Hakeem Jeffries said it was up to McCarthy to turn out at least 150 Republican votes, two-thirds of the majority, even as he assured reporters that Democrats would supply the rest to prevent a default. In the 435-member House, 218 votes are needed for approval.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 465. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House votes to pass debt limit bill to avoid default, sends Biden-McCarthy deal to SenateThe House voted to pass a debt ceiling and budget cuts package on Wednesday night, a crucial step in averting a potential default just days away.
Source: ABC7 - 🏆 67. / 68 Read more »

House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to SenateA default-averting debt ceiling and budget cuts package is headed toward a crucial House vote as President Joe Biden and Speaker Kevin McCarthy scramble to assemble a coalition of centrist Democratic and Republican supporters against fierce conservative blowback and progressive dissent.
Source: TucsonStar - 🏆 339. / 59 Read more »

House passes McCarthy-Biden debt ceiling deal, sends to Senate five days before funding crunchThe bill implementing the debt ceiling deal passed in a 314-117 vote on Wednesday night, setting it up for a vote in the Senate later this week.
Source: FoxNews - 🏆 9. / 87 Read more »

Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes inThe Senate is struggling to reach an arrangement to allow for swift passage of the Biden-McCarthy debt limit deal before next week’s default deadline.
Source: WashTimes - 🏆 235. / 63 Read more »

House Passes Biden-McCarthy Debt Deal to Avoid DefaultBREAKING: The U.S. House approved a package on Wednesday night that extends the federal government’s borrowing limit while cutting spending—just days away from a catastrophic default on the federal debt.
Source: thedailybeast - 🏆 307. / 63 Read more »

Biden and McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in HouseCongress has just a few days to pass a debt-ceiling bill before the June 5 deadline, but the measure could run into procedural obstacles
Source: WSJ - 🏆 98. / 63 Read more »