Debt Ceiling Vote Looms as Republicans Seethe and Biden Delivers on Compromise.

1 min read
Source: The Wall Street Journal
Debt Ceiling Vote Looms as Republicans Seethe and Biden Delivers on Compromise.
Photo: The Wall Street Journal
TL;DR Summary

The Senate is set to vote on a bipartisan deal that suspends the $31.4 trillion debt ceiling while cutting federal spending, which was struck by President Biden and House Speaker Kevin McCarthy to avert an unprecedented U.S. default. The House has already approved the bill that suspends the debt ceiling through Jan. 1, 2025, and reins in government spending.

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