The U.S. House of Representatives passed bipartisan legislation to suspend the nation’s debt limit through Jan. 1, 2025, despite vocal opposition on both sides of the aisle.
The Fiscal Responsibility Act, a fiscal package put together by President Joe Biden, House Speaker Kevin McCarthy (R-Calif.), and their teams of negotiators, overwhelmingly cleared the lower chamber with a 314-117 vote.
More Democrats voted for the bill than Republicans by a margin of 165 to 149. Of those opposing the package, 71 members were from the GOP caucus and 46 were from the Democrats.
McCarthy championed the bill on the House floor on May 31, telling fellow lawmakers that this “is a crucial first step for putting America back on track.”…