Search results
Results From The WOW.Com Content Network
Bill passed after senators rejected 11 proposed amendments. For premium support please call: 800-290-4726 more ways to reach us
WASHINGTON — The Republican-controlled House moved toward a final vote Wednesday on the debt ceiling legislation negotiated by Speaker Kevin McCarthy and President Joe Biden, a high-stakes ...
Speaker of the House Kevin McCarthy, R-Calif., walks to the House chamber at the Capitol in Washington, Wednesday, May 31, 2023. as the House moves toward passage of the debt limit bill.
Removal of Kevin McCarthy. On October 3, 2023, the United States House of Representatives voted to remove its speaker, Kevin McCarthy of California, through a motion to vacate [a] filed by Representative Matt Gaetz of Florida, a fellow member of the Republican Party. McCarthy's removal marked the first time in American history that a speaker of ...
On May 27, Biden and then-House speaker Kevin McCarthy struck a deal to increase the debt-ceiling but cap federal spending; [14] the resulting bill, the Fiscal Responsibility Act of 2023, passed the House on May 31 and the Senate on June 1. [15] Biden signed it into law on June 3, bringing the crisis to an end. [16]
t. e. In the United States, the debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may pay by borrowing more money, on the debt it already borrowed. The debt ceiling is an aggregate figure that applies to gross debt ...
The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
Republican Representative Dusty Johnson, a McCarthy ally who helped craft the Republican debt-ceiling legislation that buttressed the speaker in negotiations, said the vote proved wrong Democratic ...