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US House votes to suspend debt ceiling and avoid default

Published May 31, 2023 09:23PM ET
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© 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.

US House votes to suspend debt ceiling and avoid default
 

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Comments (6)
Jay Garrelts
Jay Garrelts Jun 01, 2023 1:54AM ET
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Thanks Trump and Biden for doubling the nation’s money supply lol
Rawling and Mason Meagher
Rawling and Mason Meagher May 31, 2023 11:43PM ET
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for now, the sandbox is safe
Ahmed Taylor
Ahmed Taylor May 31, 2023 10:09PM ET
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Bidens democrats caved
Viren Patel
Viren Patel May 31, 2023 9:50PM ET
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36 trillion or 300 trillion.. keep printing.. its only paper..
Don Getty
Don Getty May 31, 2023 9:41PM ET
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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
Dave Jones
Dave Jones May 31, 2023 9:33PM ET
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Sooner or later USA is going to have to default in some way shape or form. It's a certainty.
HENU BAJAJ
HENU BAJAJ May 31, 2023 9:33PM ET
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Did you short ??
Dave Jones
Dave Jones May 31, 2023 9:33PM ET
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HENU BAJAJ I'm just here for the popcorn 🍿
Don Getty
Don Getty May 31, 2023 9:33PM ET
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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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