Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline

  • The House passed the debt ceiling bill Wednesday night, days before the U.S. is projected to run out of money to pay its bills.
  • The Fiscal Responsibility Act is the result of a deal reached between House Speaker Kevin McCarthy and President Joe Biden.
  • Senate Majority Leader Chuck Schumer said the Senate will “do everything we can to move the bill quickly.”

Debt ceiling deal: House passes bill, sends to Senate (cnbc.com)

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