US House passes debt ceiling deal as default threat looms

US House passes debt ceiling deal as default threat looms

WASHINGTON: A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition from hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate,…Read More

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