Debt Ceiling Deal: House Rules Committee Debates Republican Attempts to Scuttle Bill

Congress Passes Bill to Raise Debt Ceiling, Avoiding Default

After months of negotiations and heated debates, Congress has finally passed a bill to raise the debt ceiling and avoid default on the nation’s financial obligations.

The bill, which was passed on a bipartisan basis, allows for the federal government to borrow an additional $2.1 trillion to pay for existing debts and future obligations.

This comes after former President Barack Obama agreed to $2.1 trillion in spending cuts in 2011 to end the debt ceiling crisis at the time.

However, tensions have continued to rise in recent months as the country faced another potential default due to the expiration of the debt ceiling on July 31.

Representative Josh Harder (D-California) warned, “At some point, we are going to default if we continue in this pattern” and urged his fellow lawmakers to act swiftly.

One Republican representative attempted to scuttle the bill in the House Rules Committee, citing concerns over the rising debt and the need for fiscal responsibility.

Despite this, the bill ultimately passed with significant support from both parties. The New York Times published an op-ed encouraging the passage of the debt ceiling deal, stating that “defaulting would have catastrophic consequences for our economy and the world.”

Republicans and Democrats alike praised the passage of the bill as a sign of real leadership and a necessary step in addressing the nation’s top needs. House Minority Leader Kevin McCarthy stated that the bill showed “real leadership in tackling” the issue of the debt ceiling.

With the passage of the bill, the federal government avoids default and can continue to fund critical programs and obligations.