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US House votes to suspend debt ceiling and avoid default

Published 05/31/2023, 09:23 PM
Updated 05/31/2023, 09:26 PM
© Reuters. U.S. House Speaker Kevin McCarthy (R-CA) talks to reporters after voting on the House floor in the midst of ongoing legislative wrangling over whether to raise the United States' debt ceiling and avoid a catastrophic default, at the U.S. Capitol in Washin

WASHINGTON (Reuters) - A majority of the U.S. House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government's $31.4 trillion debt ceiling, just five days before the deadline to avoid a crippling default.

Voting continued on the legislation, which must also be approved by the Democratic-majority Senate before President Joe Biden can sign the measure into law.

Latest comments

Thanks Trump and Biden for doubling the nation’s money supply lol
for now, the sandbox is safe
Bidens democrats caved
36 trillion or 300 trillion.. keep printing.. its only paper..
that union lawsuit put a fork in the GOP and its done - just the extremist faction whining left! The ? is whether the extremists jetison Kevy
Sooner or later USA is going to have to default in some way shape or form. It's a certainty.
Did you short 😂??
I'm just here for the popcorn 🍿
no, they just have to fairly tax the rich and the problem vanishes in about 10 years but the GOP needs the drama - they certainly aren't good with effective policy and haven't been for 50 yrs - just look at how poor the GOP lead states are!!!
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