U.S. House passes debt ceiling deal as default threat looms

By WNews 1 Min Read

Veering away from a default crisis, the U.S. House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that President Joe Biden and Speaker Kevin McCarthy negotiated to the Senate for swift passage in a matter of days, before a fast-approaching deadline.

The hard-fought compromise pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. Tensions ran high as hard-right Republicans refused the deal, but Biden and McCarthy assembled a bipartisan coalition to push to passage on a robust 314-117 vote late Wednesday.

“We did pretty dang good,”

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Reading: U.S. House passes debt ceiling deal as default threat looms

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