By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI (Associated Press) WASHINGTON (AP) — The debt ceiling and budget cuts package that would avert a federal default headed toward House passage late Wednesday as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent. The hard-fought compromise pleased few, but lawmakers assessed it was better than the alternative — devastating economic upheaval — if Congress failed to act.

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BING NEWS:
  • House Democrats maneuver to force a debt-ceiling vote as default looms
    The use of a so-called "discharge petition" is cumbersome, time-consuming and rarely successful. But Democrats are getting the ball rolling.
    05/2/2023 - 6:07 am | View Link
  • Biden seeks debt ceiling talks, as U.S. faces possible June 1 default
    The updated deadline comes after Republicans adopted a bill coupling an increase in the limit with spending cuts, defying a veto threat from President Biden.
    05/1/2023 - 9:27 am | View Link
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