WASHINGTON ¨C A divided U.S. 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 hard-line conservatives and avoid a catastrophic default.
The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to U.S. President Joe Biden¡¯s desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
¡°This agreement is good news for the American people and the American economy,¡± Biden said after the vote. ¡°I urge the Senate to pass it as quickly as possible so that I can sign it into law.¡±
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.