House Of Representatives Passed Debt Limit Deal

The bill now requires 60 votes in the Senate before it can head to the president.

The House voted last night to approve a bill in regards to the debt limit deal that is now on its way to the Senate for vote.

The House voted 314 to 117 with more Democratic support than Republican. There were 71 total Republican lawmakers who opposed and 46 Democrats that voted against it.

The main section of the agreement that was reached between President Biden and House Speaker Kevin McCarthy, is a cap on federal spending.

It would make spending budgets smaller for 2024 and impose new limits for 2025 without touching Social Security or Medicare while boosting spending on the military by 3%.

The legislation would also increase work requirements in order to qualify for food assistance and incentive for people to find jobs. With that, the Nation’s borrowing limit would be boosted for more than two years.

The bill now requires 60 votes in the Senate before it can head to the president.