US House of Representatives passes debt bill, faces Biden veto | Debt News
Written by Black Hot Fire Network on April 27, 2023
The Biden administration has called on House Speaker McCarthy to instead raise the debt ceiling ‘without conditions’.
The Republican-led House of Representatives has passed a bill that would boost the United States’ $31.4 trillion federal debt ceiling, in exchange for slashing government spending, including programmes championed by Democratic President Joe Biden.
Passed by a party-line vote of 217 to 215, with four Republicans breaking ranks, the . . .
