Senate passes bipartisan bill to raise debt ceiling and cap future spending just days before potential US default
The president also announced he will address the public on Friday regarding the legislation and said he hopes to sign the bill into law “as soon as possible”
By News on the Net -- New York Post—— Bio and Archives--June 2, 2023
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The Senate on Thursday voted to pass the bipartisan measure to raise the nation’s borrowing limit and cap future spending, sending the legislation to President Biden’s desk with just days to go before a potential US debt default.
The so-called Fiscal Responsibility Act sailed through the Senate in a 63-36 vote, one day after it overwhelmingly passed the House with more Democratic support than Republican. ---More...
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