Debt ceiling bill gains momentum in Congress with bipartisan support.

Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate to raise the debt limit for two years and cap government spending, as the U.S. barrels towards a June 5 deadline to avert a debt default. The Fiscal Responsibility Act was passed in the Republican majority House late Wednesday night by an overwhelming bipartisan majority, sending it to the Democratic controlled Senate, which met Thursday and planned to take up the bill. At least three senators have indicated they have serious objections to specific parts of the bill, but Schumer made it clear the bill could not move backward.