US House votes to avert debt default, setting up Senate showdown
Thursday, 1 June 2023 US lawmakers passed a bill to suspend the debt ceiling through 2024, slightly cutting government spending next year, as part of a pact struck between Washington's warring parties. The drama capped a tense few days on Capitol Hill; the Treasury had expected to run out of funds as soon as Monday. A default would nearly certainly trigger another recession, kill millions of jobs, and send costs soaring.
House Passes , Debt Limit Deal.
The bill was passed by a vote of 314-117 in the U.S. House of Representatives on May 31.
71 Republicans and 46 Democrats were opposed to the bill, CNN reports. .
The proposal to suspend the country's debt limit must now pass the Senate before President Biden can...
The U.S. Senate on Thursday (June 1) passed bipartisan legislation backed by Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever..
The Senate is racing to pass the debt ceiling bill approved by the House Wednesday night. Multiple senators claim they will vote against it. CBS News correspondents Nancy Cordes and Scott MacFarlane..
Senate Passes , Debt Ceiling Bill.
On June 1, the Senate passed a bill to suspend the nation's debt ceiling for another two years.
It cleared by a vote of 63-36,
NBC News reports. .
The House..
Credit: Wibbitz Top Stories Duration: 01:30Published
Approval in the Senate on a bipartisan vote, 63-36, reflected the overwhelming House tally the day before, relying on centrists in both parties to pull the... Zee News
The upper chamber of Congress rubber-stamped a bill passed a day earlier by the House of Representatives to extend the country's borrowing authority through 2024... IndiaTimes
Thursday, 1 June 2023
!['We're very, very happy' - Top Democrat celebrate debt-limit legislation [Video]](https://video.newsserve.net/300/v/20230603/1685812831-apos-We-apos-re-very-very-happy-apos.jpg)
![Senators call for amendments on debt ceiling bill [Video]](https://video.newsserve.net/300/v/20230602/1685729432-Senators-call-for-amendments-on-debt-ceiling-bill.jpg)
![Senate Passes Debt Ceiling Bill [Video]](https://video.newsserve.net/300/v/20230602/1353601002-Senate-Passes-Debt-Ceiling-Bill.jpg)
