{"id":417444,"date":"2023-06-01T08:50:54","date_gmt":"2023-06-01T05:50:54","guid":{"rendered":"https:\/\/sonna.so\/en\/?p=417444"},"modified":"2023-06-01T08:50:54","modified_gmt":"2023-06-01T05:50:54","slug":"us-house-passes-debt-ceiling-bill-averting-crisis","status":"publish","type":"post","link":"https:\/\/sonna.so\/en\/us-house-passes-debt-ceiling-bill-averting-crisis\/","title":{"rendered":"US House passes debt ceiling bill, averting crisis"},"content":{"rendered":"<p><strong>NEW YORK, SONNA &#8211; <\/strong>The US House of Representatives passed a bill on Wednesday to avert a catastrophic default on the nation\u2019s debt before a June 5 deadline.<\/p>\n<p>The Republican-controlled House voted 314-117, sending the bill to the Senate.<\/p>\n<p>In the final vote,165 Democrats and 149 Republicans backed the bill negotiated by House Speaker Kevin McCarthy and President Joe Biden.<\/p>\n<p>The bill, which suspends the $31.4 trillion cap on the federal government&#8217;s borrowing limit through January 2025, needs to be passed by the Senate before Biden signs it into law.<\/p>\n<p>The debt limit was hit in January, but the Treasury Department has taken steps to ensure that the US continues to pay its bills.<\/p>\n<p>&#8221;Tonight, the House took a critical step forward to prevent a first-ever default and protect our country\u2019s hard-earned and historic economic recovery,&#8221; Biden said in a statement after the vote.<\/p>\n<p>&#8221;This budget agreement is a bipartisan compromise. Neither side got everything it wanted.&#8221;<\/p>\n<p>He thanked Speaker McCarthy and his team for negotiating in &#8221;good faith.&#8221;<\/p>\n<p>Biden urged the Senate to pass the bill as quickly as possible so that he can sign it into law.<\/p>\n<p><strong><em>Source: Anadolu<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, SONNA &#8211; The US House of Representatives passed a bill on Wednesday to avert a catastrophic default on the nation\u2019s debt before a June 5 deadline. The Republican-controlled House voted 314-117, sending the bill to the Senate. In the final vote,165 Democrats and 149 Republicans backed the bill negotiated by House Speaker Kevin [&hellip;]<\/p>\n","protected":false},"author":120,"featured_media":417445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[78],"tags":[],"class_list":{"0":"post-417444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/417444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/comments?post=417444"}],"version-history":[{"count":1,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/417444\/revisions"}],"predecessor-version":[{"id":417446,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/417444\/revisions\/417446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media\/417445"}],"wp:attachment":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media?parent=417444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/categories?post=417444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/tags?post=417444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}