The deal now heads to the Senate, where approval is virtually certain and the only question is timing. — Bloomberg
WASHINGTON: The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election and avert a destabilising US default.
Lawmakers from both parties joined to approve the bill 314-117 yesterday evening, sending the measure to the Senate for consideration as a default deadline draws near.
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