April 27, 2023
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1:14Now PlayingThe GOP controlled House passed a debt ceiling plan by a vote of 217-215, which includes $4.5 trillion in cuts and raises the ceiling until May 2024.
RELATEDJoe Biden slams Kevin McCarthy's debt plan as deadline looms
The House on Wednesday passed a Republican debt ceiling plan that includes $4.5 trillion in cuts and raises the debt ceiling until May 2024, but Democrats say it won't ward off a potential government default this summer.
Just before the evening vote, former Speaker Nancy Pelosi accused Republicans of "playing with fire" by not raising a clean debt ceiling. They raised the debt ceiling three times during the Trump administration, she said, but now they are using the full faith and credit of the U.S. to try and force spending cuts Democrats will not accept.
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