Us Debt Ceiling Bill Passes House With Broad Bipartisan

Wednesday, the U.S. House of Representatives, which has many different members, passed a bill to stop the $31.4 trillion debt limit.

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The Republican-led House voted 314-117 to send the bill to the Senate. The Senate has until Monday to pass the bill and get it to President Joe Biden's desk.

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"This agreement is good news for the American people and the American economy," Biden said after the vote.

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"I urge the Senate to pass it as quickly as possible so that I can sign it into law." The measure, a compromise between Biden and House Speaker Kevin McCarthy, drew opposition from 71 hardline Republicans.

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The legislation suspends - in essence, temporarily removes - the federal government's borrowing limit through Jan. 1, 2025.

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"At best, we have a two-year spending freeze that's full of loopholes and gimmicks," said Representative Chip Roy

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