House Rules Committee Narrowly Advances Debt Bill

CNBC reports:

The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House Rules Committee, where it advanced to the House floor in a 7-6 vote, with two of the panel’s nine Republicans opposing it. A floor vote on the Fiscal Responsibility Act is planned for around 8:30 p.m. ET Wednesday, according to a tentative House voting schedule.

Late stage support from GOP Rep. Thomas Massie of Kentucky cleared the way for the bill to be approved by seven of the nine Republicans on the committee. The panel’s makeup is heavily skewed toward the party in the majority, 9-4, a setup meant to ensure that legislation does not get held up by a few dissenters siding with the minority.

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