The U.S. cleared another hurdle in avoiding its first default, as a the House of Representatives passed compromise legislation to suspend the debt ceiling.
Even as members of the far right revolted over the plan hashed out by Speaker Kevin McCarthy and President Joe Biden, the bill had more than enough votes for passage.
It passed 314-117. Members on both sides of the aisle clapped when the final tally was announced, a rare instance of bipartisanship for major legislation.
The legislation now moves to the Senate where, despite the endorsement of Majority Leader Chuck Schumer and Minority Leader Mitch McConnell, it’s not entirely clear when the bill will come to the floor.
Read more on deadline.com
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