House Passes Debt Limit Deal

House Passes , Debt Limit Deal.

The bill was passed by a vote of 314-117 in the U.S. House of Representatives on May 31.

71 Republicans and 46 Democrats were opposed to the bill, CNN reports.

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The proposal to suspend the country's debt limit must now pass the Senate before President Biden can sign it.

Lawmakers have until June 5 to avoid a first-ever default for the nation.

In addition to suspending the nation's debt limit, the bill puts a cap on non-defense spending.

Changes work requirements for various food stamp recipients, winds down COVID relief funds and more.

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Changes work requirements for various food stamp recipients, winds down COVID relief funds and more.

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President Biden issued a statement after the House passed the bill.

I have been clear that the only path forward is a bipartisan compromise that can earn the support of both parties, President Joe Biden, via statement.

This agreement meets that test.

I urge the Senate to pass it as quickly as possible so that I can sign it into law, and our country can continue building the strongest economy in the world, President Joe Biden, via statement