Debt ceiling bill passes in the House

[superadmin]

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.

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