Veering away from a default crisis, the House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that U.S. President Joe Biden and Speaker Kevin McCarthy negotiated to the Senate for swift passage in a matter of days, before a fast-approaching deadline.
The hard-fought compromise pleased few, but lawmakers assessed it was better than the alternative -- a devastating economic upheaval if Congress failed to act. Tensions ran high as hard-right Republicans refused the deal, but Biden and McCarthy assembled a bipartisan coalition to push to passage on a robust 314-117 vote late Wednesday."We did pretty dang good," McCarthy, R-Calif., said afterward.
Biden had been calling lawmakers directly to shore up backing. McCarthy worked to sell skeptical fellow Republicans, even fending off challenges to his leadership. Raising the nation's debt limit, now US$31 trillion, ensures Treasury can borrow to pay already incurred U.S. debts. The speaker has faced a tough crowd. Cheered on by conservative senators and outside groups, the hard-right House Freedom Caucus lambasted the compromise as falling well short of the needed spending cuts, and they vowed to try to halt passage.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP supportHard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote as President Joe Biden and Speaker Kevin McCarthy assemble a coalition of centrist Democrats and Republicans to push it to passage over fierce blowback from conservatives and some progressive dissent.
Lire la suite »
Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approvalUnder fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.
Lire la suite »
U.S. debt ceiling: Biden, McCarthy shore up support ahead of crucial vote - National | Globalnews.caBiden is sending top White House officials to meet at the Capitol to shore up support ahead of voting. McCarthy is working furiously to sell skeptical fellow Republicans.
Lire la suite »
Optimism over debt ceiling legislation fuels a potential reversal in gold pricing(Kitco commentary) - Over the three-day holiday weekend, President Biden and House Speaker McCarthy reached a deal to raise the debt limit which hit $31.4 trillion In January.
Lire la suite »
Facing backlash, McCarthy hunts for GOP votes for debt limit deal in time to prevent US defaultUnder fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.
Lire la suite »
U.S. debt ceiling bill faces narrow path to passage in HouseThe GOP control the House by a narrow 222-213 majority, but the bipartisan deal will need support from both Speaker Kevin McCarthy’s Republicans and President Joe Biden’s Democrats to pass
Lire la suite »