Published
The U.S. House of Representatives passed the consequential legislation package on Wednesday.
Officials said the package not only cuts government spending, but suspends the debt ceiling, too, clearing a crucial bar with bipartisan support as Congress races to avert a federal default.
Ever since the deal between House Republicans and the White House emerged last weekend, lawmakers in both parties have urged members to vote for it despite their misgivings, assessing it was better than the alternative of devastating economic upheaval.
The priority, now, is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury revealed it will run out of money to pay its debts.
With the House vote of 314-117, the bill now heads to the Senate with passage expected by week's end.
For more info, please go to https://globalnews.ca/news/9736861/us-debt-ceiling-house-passage/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #DebtCeiling #JoeBiden
Officials said the package not only cuts government spending, but suspends the debt ceiling, too, clearing a crucial bar with bipartisan support as Congress races to avert a federal default.
Ever since the deal between House Republicans and the White House emerged last weekend, lawmakers in both parties have urged members to vote for it despite their misgivings, assessing it was better than the alternative of devastating economic upheaval.
The priority, now, is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury revealed it will run out of money to pay its debts.
With the House vote of 314-117, the bill now heads to the Senate with passage expected by week's end.
For more info, please go to https://globalnews.ca/news/9736861/us-debt-ceiling-house-passage/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #DebtCeiling #JoeBiden
- Category
- U.S. & Canada
- Tags
- global news, National, News
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
03:33
News Wrap: House passes $1.7 trillion spending bill avoiding government shutdown
-
02:57
House passes debt ceiling bill with broad support
-
05:16
House narrowly passes Biden's massive spending bill
-
02:26
House passes spending bill after top Republican speaks for hours l GMA
-
03:23
U.S. House passes debt ceiling deal as default threat looms
-
02:05
House passes $1.7T spending bill, sending measure to Biden
-
06:50
Republicans divided as House passes debt ceiling bill
-
1:20:01
House passes interim spending bill to avoid government shutdown
-
04:26
What happens next after Senate passes debt ceiling bill
-
02:18
U.S. House passes Biden's $1.75 trillion spending bill
-
01:51
Senate passes debt ceiling bill, US averts default
-
Live: House lawmakers vote on the debt ceiling bill
-
01:20
US Senate passes debt ceiling bill to prevent default, set to become law
-
02:56
Debt ceiling bill passes US House, clearing major hurdle to avert default
-
43:39
WATCH: House Speaker McCarthy promises to raise debt ceiling only with spending cuts
-
17:56
Senate passes interim spending bill averting a government shutdown
-
03:57
U.S. House passes $1.2T spending bill to avoid shutdown
-
01:51
US House passes Republican debt ceiling bill
-
03:56
House passes $1.7 trillion government spending bill
-
01:57
US debt ceiling bill faces tight vote in House
-
05:58
US debt ceiling bill: House votes to suspend debt ceiling and avoid default
-
06:18
'RABBIT OUT OF THE HAT': Kevin McCarthy's House passes spending bill
Loading...