House Passes Debt Ceiling Bill In 314-117 Vote

CBS News reports:

The House has passed legislation to suspend the debt ceiling and limit spending, as time runs short to avoid a catastrophic default. The bill will still need to pass the Senate. A majority of Democrats and a majority of Republicans voted “yes” on the Fiscal Responsibility Act of 2023 on Wednesday night, for a final tally of 314-117.

Among Republicans, 149 voted for the bill and 71 voted against it, while 165 Democrats voted for the legislation and 46 voted against it.

President Biden called the bill “good news for the American people and the American economy,” and urged the Senate to take up the legislation as soon as possible. “Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” Mr. Biden said in a statement.

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