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The Senate on Thursday night capped four months of contentious debate and voted to send a compromise bill to President Biden’s desk that extends the government’s borrowing authority until January of 2025 and staves off a potential default next week. A large bipartisan majority of the Senate voted 63-36 to approve the bill, which passed…
The House on Wednesday night passed a bipartisan bill to suspend the debt ceiling, overcoming vocal opposition from conservative and liberal lawmakers and bringing the country one step closer to avoiding an economy-rattling default ahead of next week’s deadline. The legislation — which was crafted through negotiations between President Biden, Speaker Kevin McCarthy (R-Calif.) and their…
House Republicans on Wednesday passed the rule governing debate on bipartisan legislation to lift the debt ceiling, a procedural hurdle that paves the way for final passage of the bill later in the day — but it took an emergency assist from Democrats. Lawmakers approved the rule in a 241-187 vote just days before June…
House Democratic leaders warned Wednesday that it will be up to Republicans to pass the rule governing the debt ceiling increase, pushing the burden onto Speaker Kevin McCarthy (R-Calif.) to rally enough Republican support on the procedural measure allowing a final vote on legislation to prevent a default. “In regards to the rule, it’s very…
Senate Republican Leader Mitch McConnell (Ky.) faces the challenging task of having to help steer crucial legislation to raise the debt ceiling past Senate conservatives who are calling for amendments to the bill and threatening to delay it for days on end. The bill is expected to get more than 40 Senate Democratic votes,…
The House Rules Committee advanced the debt ceiling bill to the floor Tuesday night, clearing a key hurdle as the legislation faces opposition from both Democrats and Republicans. The panel voted 7-6 to adopt the rule — which governs debate on the legislation — with Republican Reps. Chip Roy (Texas) and Ralph Norman (S.C.) joining…
Top leaders in both parties reached a long-sought deal on Saturday to avoid an unprecedented government default, announcing an agreement on a plan to lift the debt ceiling for two years and apply new caps on federal spending over the same duration. To get there, negotiators had to iron out their differences on a small…
Rep. Patrick McHenry (R-N.C.), a lead GOP negotiator in the debt-ceiling talks, said Saturday evening that major differences remain as the sides race to shore up a deal to prevent a government default. The impasse reached a point that President Biden and Speaker Kevin McCarthy (R-Calif.) were scheduled to hold a phone call in an…
A top GOP lawmaker negotiating an elusive debt ceiling deal was adamant Friday that Republicans will not drop their demand for tougher work requirements as part of a final agreement — a major sticking point at the 11th hour of the talks. “Hell no, hell no!,” Rep. Garret Graves (R-La.) told reporters outside the Capitol. …
Sen. Mike Lee (R-Utah), the chairman of the conservative Senate Republican Steering Committee, is threatening to use “every procedural tool” at his disposal to slow down Senate passage of a bill to raise the debt ceiling if it doesn’t include “substantial” reforms. Lee could drag out the floor proceedings on a bill for days, something…