Debt ceiling deal passes US House, but at what cost to Americans?

1 min read
Source: The Guardian US
Debt ceiling deal passes US House, but at what cost to Americans?
Photo: The Guardian US
TL;DR Summary

The US House has passed a bill to raise the debt ceiling, with 149 Republicans and 165 Democrats supporting the measure. The bill would raise the government’s borrowing limit until January 2025, ensuring the issue will not resurface before the next presidential election. The Senate is expected to take up the bill soon. The treasury secretary has warned that the federal government will be unable to pay its bills starting 5 June unless the debt ceiling is raised. The bill is a bipartisan compromise that includes government spending cuts and changes to the work requirements for the Supplemental Nutrition Assistance Program.

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