US House votes to avert default, advancing Biden-McCarthy deal to Senate

US House passes bill to suspend $31.4 trillion debt ceiling and avoid default as bargain between Biden and McCarthy wins bipartisan support

Biden hailed the vote a "a critical step" to prevent a devastating default and praised both parties for seeking a compromise. / Photo: Reuters

The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. With the House vote of 314-117, the bill now heads to the Senate with passage expected by week's end.

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