House passes bipartisan bill to raise debt ceiling and cap future spending

By News on the Net -- New York Post —— Bio and Archives June 1, 2023

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The House on Wednesday night passed legislation negotiated by President Biden and House Speaker Kevin McCarthy (R-Calif.) to raise the nation’s borrowing limit and cap future spending.

The so-called Fiscal Responsibility Act, harshly criticized by both hard-line Republicans and far-left Democrats, passed the lower chamber in a 314-117 vote. ---More...