Hi, OnPolitics readers. Today we recap this week’s debt ceiling news.
The deal struck by President Joe Biden and House Speaker Kevin McCarthy to avert a catastrophic default on the country’s debt crossed the House last night.
The deal — the “Fiscal Responsibility Act” — passed 314-117 in a bipartisan effort as strong majorities from both parties pushed through the legislation despite opposition from liberal Democrats and hardline conservative Republicans.
❌ The opposition: These 117 lawmakers opposed the debt ceiling agreement.
And after: Now the deal is on its way to the Senate, and Majority Leader Chuck Schumer is eyeing a quick vote on Friday since Congress needs to send the deal to Biden as soon as possible.
The deal must hit Biden’s desk by Monday, June 5, or the government won’t be able to pay its bills, Treasury Secretary Janet Yellen has warned.
Keep reading: Debt ceiling deal sweeps past House and heads to Senate as June 5 default looms
3 things to know: Senate leaders must now negotiate a debt ceiling deal
5 takeaways from the debt ceiling agreement McCarthy struts to victory as Dems lament ‘hostage taking’
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This article originally appeared on USA TODAY: Debt ceiling deal sails through House, awaits Senate vote