Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners
Al-Nunu from Sharm el-Sheikh: Mediators are making great efforts to remove any obstacles in the way of implementing the ceasefire, and a sense of optimism now prevails among all parties
Taher al-Nunu, advisor to the head of Hamas' political bureau: The Hamas delegation presented the positivity and responsibility necessary to achieve progress and complete the agreement
Israeli foreign ministry: The vessels and the passengers are transferred to an Israeli port, and the passengers are expected to be deported promptly.
Sumud Flotilla: Addameer vessel attacked by an Israeli military helicopter with 93 journalists, doctors and activists on board
Freedom Flotilla Coalition: The Addameer Vessel was seized by the Israeli Navy
Israeli ministry of foreign affairs says ships and passengers of the Freedom Flotilla will be transferred to an Israeli port and deported immediately
Freedom Flotilla Coalition: 3 ships attacked and illegally intercepted by Israeli occupation.

Debt ceiling bill overwhelmingly passes US House

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Jun 2023 10:35
4 Min Read

The US House of Representatives passes a deal raising the government's debt ceiling with broad bipartisan support.

  • x
  • House Speaker Kevin McCarthy listens at a news conference after the House passed the debt ceiling bill at the Capitol in Washington, May 31, 2023 (AP)
    House Speaker Kevin McCarthy listens at a news conference after the House passed the debt ceiling bill at the Capitol in Washington, May 31, 2023. (AP)

The US House of Representatives passed a bill suspending the $31.4 trillion debt ceiling on Thursday with broad bipartisan support after Democrats and Republicans joined efforts to pass the bill, narrowly dodging a catastrophic default in the US.

The bill passed the House 314-117, which means the legislation has until Monday to be enacted by the Senate and signed at the Oval Office by Joe Biden, otherwise, the United States will be in trouble, as that is when the federal government is expected to run out of money.

In the wake of the bill passing the House, US President Joe Biden said the deal was "good news for the American people and the American economy," calling on the Senate to pass it at the earliest chance possible so that he could sign it into law.

This comes after a long period of uncertainty regarding the future of the country's debt situation after deliberations on raising the debt ceiling were postponed countless times due to diverging points of view.

Biden said Friday that the country was on the verge of resolving the debt ceiling issue that has been stocking concerns about the US defaulting on its debt, assuring the public regarding the then-looming crisis.

Moreover, US Treasury Secretary Janet Yellen said the country would be defaulting on its debt on June 5 unless a deal is reached before then, saying the US had very few days before running out of money.

Read next: Biden, McCarthy debt talks end with no deal in sight

Related News

Depleted by foreign wars, US seeks to re-arm for another confrontation

Trump's Federal crackdown continue: National Guard arrives in Chicago

Media previously claimed that the deal taking shape would include an agreement extending the government's borrowing authority for two more years, i.e., the status quo would not repeat itself before the upcoming 2024 presidential election.

In the House, the deal reached between the president and the Speaker was opposed by 71 hardline Republicans, but it was backed by 165 out of the House's 213 Democrats and 149 of the House's Republicans.

The agreed-upon bill suspends the debt ceiling, essentially the government's borrowing limit, through January 1, 2025.

The bill passing caps some government spending until the deadline while also speeding up the permitting process of set energy projects, reclaiming funds allocated for COVID-19 relief that went unused, and expanding work requirements for food aid programs to additional recipients.

The legislation was opposed by hardline Republicans because they sought further cuts - the bill would result in $1.5 trillion in savings over a decade, below the $4.8 trillion that the GOP wants - while progressive Democrats opposed it for numerous reasons, such as new work requirements from certain federal programs aimed at tackling poverty.

Read more: US debt ceiling maintains defense spending, edits welfare requirements

"Republicans are forcing us to decide which vulnerable Americans get to eat or they'll throw us into default. It's just plain wrong," Democratic Representative Jim McGovern on Wednesday.

The leaders of both parties in the Senate said they hoped to move to enact the legislation before the weekend, though complications are not unlikely. That prompted Republicans to say Majority Leader Chuck Schumer and Minority Leader Mitch McConnel could need to allow votes on Republican amendments to the bill so that it could pass undisrupted.

"We cannot send anything back to the House, plain and simple. We must avoid default," Democrat Schumer underlined.

  • United States
  • Republican Party
  • Chuck Schumer
  • debt default
  • debt ceiling
  • Democratic Party
  • Kevin McCarthy
  • Joe Biden
  • Mitch McConnell

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS