House passes debt ceiling bill just five days before expected default
The House voted on Wednesday to raise the debt ceiling, marking the first step toward avoiding economic catastrophe just five days before the Treasury’s deadline for default.
Lawmakers easily passed the Fiscal Responsibility Act in a 314-117 vote, with 165 Democrats joining 149 Republicans to back the legislation. The bill, a bipartisan compromise crafted by Speaker Kevin McCarthy (R-CA) and the White House, now heads to the Senate, where a single senator can hold up its passage.
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