U.S. Debt Ceiling
Debt Deal to House Floor
The Republican-controlled House is poised to vote Wednesday on the debt ceiling legislation negotiated by Speaker Kevin McCarthy and President Joe Biden, a high-stakes moment for the bill aimed at averting a disastrous default. Although the McCarthy-Biden deal has faced heavy criticism from GOP hard-liners who argued that its spending cuts and conservative provisions are too weak, the House Rules Committee voted 7-6 to send the measure to the floor Tuesday night, a key signal of support ahead of Wednesday's vote.