Debt Limit Deal Clears Significant Hurdle Heading To Full House For Vote
The president and McCarthy have both said they believe the agreement will pass and it is estimated to cut deficits by $1.5 trillion over 10 years.
The debt limit deal that was agreed upon by President Biden and House Speaker Kevin McCarthy, is now on its way to the House of Representatives after clearing a key hurdle on Tuesday. The bill to suspend the U.S. debt ceiling and cap federal spending was advanced by the House Rules Committee on a 7-6 vote, sending it to a…