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Political and Legislative

Debt Ceiling Deal Heads to Senate After Passing Through House on Bipartisan Vote

Veering away from a default crisis, the House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that 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.

Amid deep discontent from Republicans who said the spending restrictions did not go far enough, McCarthy said it is only a “first step.”

Read the source article at abcnews.go.com

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