US House votes to suspend debt ceiling and avoid default

U.S. House Speaker Kevin McCarthy (R-CA) talks to reporters after voting on the House floor in the midst of ongoing legislative wrangling over whether to raise the United States' debt ceiling and avoid a catastrophic default, at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – A majority of the U.S. House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government’s $31.4 trillion debt ceiling, just five days before the deadline to avoid a crippling default.

Voting continued on the legislation, which must also be approved by the Democratic-majority Senate before President Joe Biden can sign the measure into law.

(Reporting by David Morgan, Richard Cowan and Costas Pitas; Editing by Scott Malone)

About Alwin Marshall-Squire 15810 Articles
Alwin Marshall-Squire is the Editor-in-Chief of S-Q Publications Inc., overseeing editorial strategy for GTA Weekly, GTA Today, and Vision Newspaper. He leads the publicationsโ€™ mission to deliver bold, original journalism focused on the people and communities of the Greater Toronto Area, Canada, and the global Caribbean diaspora. Also writes for GTA Weekly and GTA Today.

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