Debt limit bill passes House, Senate vote timing uncertain.

TL;DR Summary
The Senate is working to pass a bill to suspend the nation's debt limit through January 1, 2025, but the timing of the vote is uncertain. Senate Majority Leader Chuck Schumer and Republican Leader Mitch McConnell want to move ahead with a vote on the bill as early as Thursday, but would need an agreement from all 100 senators to do so. Suspending the debt limit through 2025 would take the threat of default off the table until after the presidential election. The bill passed the House with significant bipartisan support, but several Republicans and Democrats have already said they will oppose it.
- Senate races to avert default but vote timing unclear for debt limit bill CNN
- May 31, 2023 House passes US debt ceiling bill CNN
- Corporate USA awakes to woke, debt-limit deal = GOP win and other commentary New York Post
- The debt ceiling deal passed the House. Here’s what’s inside the Biden-McCarthy plan. MSNBC
- Opinion | A Republican Reality Check on McCarthy's Debt-Ceiling Deal The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
13
Time Saved
2 min
vs 3 min read
Condensed
75%
413 → 103 words
Want the full story? Read the original article
Read on CNN