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US debt ceiling bill passes House with broad bipartisan support
Other countries
- 01 June, 2023
- 05:16
A divided US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans, to overcome opposition led by hardline conservatives and avoid a catastrophic default, Report informs, citing Reuters.
The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden's desk before a Monday deadline when the federal government is expected to run out of money to pay its bills.
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