The Senate cleared the debt ceiling bill late on Thursday, the final hurdle for the U.S. to avoid default on its debt with a deadline approaching. The president is planning an Oval Office address at 7 p.m. ET on Friday
Even as members of the far right revolted over the plan hashed out by Speakerand President Joe Biden, the bill had more than enough votes for passage. It passed 314-117. Members on both sides of the aisle clapped when the final tally was announced, a rare instance of bipartisanship for major legislation.
In a press conference after the vote, McCarthy touted the bill as a reset on out-of-control spending. “I have been thinking about this day before my vote for Speaker because I knew the debt ceiling was coming,” he told reporters. “I wanted to make history. I wanted to do something no other Congress has done.”
Democratic detractors, meanwhile, chided the deal as giving in to hostage taking, with vulnerable Americans paying the greatest cost. Biden had initially insisted that he would not negotiate over raising and suspending the debt limit, arguing that it was non-negotiable to threaten the full faith and credit of the U.S. As the deadline approached, the administration entered into talks with House Republicans, resulting in the deal last weekend.
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