US debt ceiling rises after President Biden and House speaker Kevin McCarthy rally bipartisan coalition
The deal, which aims to avoid a "catastrophic" scenario where the United States defaults on its national debts, passed through the Republican-controlled house with by 314 to 117 votes.
It will now move to the Senate, where its majority leader - Chuck Schumer - said the bill will be passed quickly. President Biden will need to have the deal approved by Monday, which is when the US federal government could run out of money."I urge the Senate to pass it as quickly as possible so that I can sign it into law."Mr Biden sent top White House officials to the Capitol to shore up backing ahead of the crunch vote.
Meanwhile, Mr McCarthy worked to sell sceptical fellow Republicans, even fending off challenges to his leadership, in the rush to avert a potentially disastrous US default. Swift passage later in the week by the Senate would ensure government checks will continue to go out to Social Security recipients, veterans and others and would prevent financial upheaval at home and abroad.Read More:
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