USA Today Episodes Around June 1, 2023
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0:54Now PlayingBipartisan debt ceiling bill okayed by House, heads to Senate | USA TODAY
Jun 1, 2023·919 views
June 1, 2023
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0:54Now PlayingThe House passed a debt ceiling bill with 71 Republicans and 46 Democrats voting against it as the legislation heads to the Senate.
RELATEDHouse Republicans say debt ceiling bill 'is a product of compromise'
The House on Wednesday voted overwhelmingly to approve an agreement struck by President Joe Biden and Speaker Kevin McCarthy to suspend the nation's debt ceiling and avoid a catastrophic default on the nation’s debt with a package that also includes spending cuts pushed by Republicans.
The "Fiscal Responsibility Act" passed by a wide 314-117 vote-margin, with strong majorities from both parties pushing the legislation past opposition from liberal Democrats and hardline conservative Republicans.
The bill now heads to the Senate, where Majority Leader Chuck Schumer wants a vote Friday. Congress needs to send an agreement to Biden’s desk before Monday, June 5 or the government won’t be able to pay bills coming due, Treasury Secretary Janet Yellen has warned.
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