Debt ceiling bill passes in the House, advances to the Senate

Late on Wednesday, a bill aimed at increasing the debt limit and setting a cap on government spending successfully cleared the House of Representatives with a significant majority.

The bill has now been forwarded to the Senate, arriving just a few days before the looming U.S. default deadline on Monday, CNBC News reported.

Known as the Fiscal Responsibility Act, the legislation garnered a noteworthy 314-117 vote, receiving bipartisan support from both Democrats and Republicans.

(Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline)
READ MORE: https://www.cnbc.com/2023/05/31/debt-...

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