Senate races to wrap up Biden-McCarthy debt ceiling deal before default deadline

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Senate races to wrap up Biden-McCarthy debt ceiling deal before default deadline
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The hard-fought compromise pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI

Passage in the Senate will require cooperation between Democrats and Republicans, much the way the narrowly divided House was able to approve the compromise late Wednesday night. Fast action is vital if Washington is to meet next Monday’s deadline when Treasury has said the U.S. will start running short of cash to pay its bills, risking a devastating default.

Overall, the 99-page bill would make some progress in curbing the nation’s annual budget deficits as Republicans demanded, without rolling back Trump-era tax breaks as Biden had wanted. To pass it, Biden and McCarthy counted on support from the political center, a rarity in divided Washington. But Republican Rep. Chip Roy, a member of the Freedom Caucus helping to lead the opposition, said, “My beef is that you cut a deal that shouldn’t have been cut.”

As the tally faltered on an afternoon procedural vote, Jeffries stood silently and raised his green voting card, signaling that the Democrats would fill in the gap to ensure passage. They did.

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