- The House of Representatives voted to raise the debt ceiling on Wednesday, passing the bill negotiated by House Speaker Kevin McCarthy and the White House and completing the first step in avoiding an economic disaster just five days before the Treasury’s deadline for default.
- And while the Fiscal Responsibility Act passed comfortably in a 314-117 vote, with 165 Democrats joining 149 Republicans in backing the legislation, opposition from both progressive Democrats and hard-line Republicans underscores the contention in Washington.
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