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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.” 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 -