Debt ceiling deal clears House with bipartisan support.

The House of Representatives has passed the Fiscal Responsibility Act of 2023, which suspends the debt ceiling and limits government spending, in a strong bipartisan vote. The bill will now be sent to the Senate. The legislation would suspend the debt limit until the first quarter of 2025, after the 2024 elections. Domestic, non-defense spending would be kept roughly flat for 2024, and in 2025, the bill allows a limited increase of 1%. The measure also overhauls the nation's permitting laws and specifically approves the remaining permits on a West Virginia natural gas pipeline championed by Democratic Sen. Joe Manchin of West Virginia.