House approves the Biden-McCarthy debt ceiling bill as default deadline looms
The House overwhelmingly approved the Fiscal Responsibility Act of 2023 Wednesday evening on a 314-117 vote. The bill now heads to the Senate, where it will need 60 votes before it would go to Biden.
Updated June 1, 2023 at 12:33 AM ET
House lawmakers have passed a piece of compromise legislation brokered between President Biden and House Speaker Kevin McCarthy to avoid an unprecedented debt default with just days to spare.
The Fiscal Responsibility Act of 2023 overwhelmingly cleared the chamber Wednesday evening with a 314-117 vote.
The high stakes negotiations and subsequent passage of the bill were a critical test for McCarthy as speaker. With his narrow majority, McCarthy carried out a balancing act — crafting a deal that satisfied the demands of the majority of his conference without alienating some of the Democratic lawmakers he needed
