Ipoh Community Forums
Debt ceiling bill passes in the House - Printable Version

+- Ipoh Community Forums (https://forums.ipoh.com.my)
+-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html)
+--- Forum: International News (https://forums.ipoh.com.my/forum-13.html)
+---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html)
+---- Thread: Debt ceiling bill passes in the House (/thread-8050.html)



Debt ceiling bill passes in the House - superadmin - 06-01-2023

Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
  • The House passed the debt ceiling bill Wednesday night, days before the U.S. is projected to run out of money to pay its bills.
  • The Fiscal Responsibility Act is the result of a deal reached between House Speaker Kevin McCarthy and President Joe Biden.
  • Senate Majority Leader Chuck Schumer said the Senate will “do everything we can to move the bill quickly.”
[Image: 107248539-1685535089244-mcc.jpg?v=168558...p&vtcrop=y]

WASHINGTON — A bill to raise the debt limit and cap government spending passed in the House by a wide margin late Wednesday, sending the bill to the Senate just days before Monday’s U.S. default deadline.

The Fiscal Responsibility Act passed 314-117, with support from both Democrats and Republicans.

- More -