US House of Representatives passes debt bill, faces Biden veto | Debt News

Written by 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 . . .

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