US House passes debt ceiling bill, moves to Senate to avert default.
TL;DR
The US House of Representatives has advanced a bill to raise the debt ceiling, a crucial step to avoid a historic default. The bill will now move to the Senate, where it is expected to face opposition from Republicans. The US Treasury has warned that the government will run out of money to pay its bills by mid-October if the debt ceiling is not raised.
- US House advances debt ceiling bill in crucial step to avert historic default Financial Times
- Republican Plans To Vote For Advancing Debt-limit Bill | U.S. Debt Ceiling 2023 News | USA News Live CNN-News18
- 'We were winning before this bill,' GOP congressman says about debt ceiling deal NBC News
- Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline CNBC
- Deal to raise debt ceiling and curb spending faces crucial votes in Congress PBS NewsHour
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