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House passes debt ceiling bill unlikely to pass the Senate

House passes debt ceiling bill unlikely to pass the Senate

a year ago
Anonymous $5YzO3NGzaX

https://www.siliconvalley.com/2023/04/26/house-passes-debt-ceiling-bill-unlikely-to-pass-the-senate/

By Lisa Mascaro and Kevin Freking | Associated Press

WASHINGTON — House Republicans narrowly passed sweeping legislation Wednesday that would raise the government’s legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions, a tactical victory for Speaker Kevin McCarthy as he challenges President Joe Biden to negotiate and prevent a catastrophic federal default this summer.

House passes debt ceiling bill unlikely to pass the Senate

Apr 26, 2023, 11:17pm UTC
https://www.siliconvalley.com/2023/04/26/house-passes-debt-ceiling-bill-unlikely-to-pass-the-senate/ > By Lisa Mascaro and Kevin Freking | Associated Press > WASHINGTON — House Republicans narrowly passed sweeping legislation Wednesday that would raise the government’s legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions, a tactical victory for Speaker Kevin McCarthy as he challenges President Joe Biden to negotiate and prevent a catastrophic federal default this summer.