House passes debt-ceiling bill, aiming to spark negotiations with Biden

House passes debt-ceiling bill, a first step in what could be a long negotiation

The Republican-run House of Representatives approved a debt-ceiling bill in a 217-215 vote on Wednesday evening, marking one step in a process that’s getting closely watched by traders worried about a possible U.S. default.

The bill, dubbed the Limit, Save, Grow Act, aims to raise the limit on federal borrowing for a year while also cutting spending. President Joe Biden and his fellow Democrats have said the lift should be made without spending cuts or other conditions, but House Speaker Kevin McCarthy and his fellow Republicans...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House says Biden would veto House Republicans' debt ceiling billThe White House called the bill a 'reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.'
Read more »

Exclusive--Ronna McDaniel: Every Republican Debate Will Have a 'Conservative Partner'Every Republican debate will have a “conservative partner” associated, GOPChairwoman Ronna McDaniel said during an interview on Breitbart News Daily.
Read more »

Republican National Committee slams Biden re-election bid in AI adThe Republican National Committee hit back at President Biden’s re-election bid announcement on Tuesday morning with a nightmarish AI-generated ad. The 30-second clip, which debuted shortly after B…
Read more »

Biden's reelection debut draws Republican rage: 'American families decimated'Republicans were quick to greet POTUS's early morning reelection campaign debut with warnings about what a second term would mean. As the GOP unified in opposition, Democrats largely coalesced around the incumbent president.
Read more »

House Republican Debt Bill Would Throw 600,000 Off Health InsuranceThe institutional sociopathy of the GOP in one stat.
Read more »

Stuart Varney: Karine Jean-Pierre's 'appalling' Republican remark exemplifies Biden's toxic politicsFOX Business' Stuart Varney blasted White House Press Secretary Karine Jean-Pierre for blaming Republicans for putting fentanyl on America's streets.
Read more »