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Biden-McCarthy debt ceiling deal now goes to Senate
Updated On: 02 June, 2023 08:14 AM IST | Washington | Agencies
“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”
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House Speaker Kevin McCarthy of Calif. along with Republican members of the House, speaks at a news conference after the House passed the debt ceiling bill at the Capitol in Washington Wednesday. Pic/AP
Veering away from a default crisis, the US 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.
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