US House passes debt ceiling deal as default threat looms

WASHINGTON  – A divided U.S. House of Representatives passed a bill to suspend the $31.4-trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition from hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure … Continue reading US House passes debt ceiling deal as default threat looms