House of Representatives Expected to Pass Debt Ceiling Bill, Avoiding Imminent Default

The debt ceiling bill is expected to pass the House of Representatives on Wednesday and come to the Senate as soon as Thursday.

31 May 2023 · 20:40 UTC

The bill is a critical step to avoid a destabilizing default that could come early next week without congressional action.

Mitch McConnell, the Senate Republican leader, hopes the Senate can finish the bill on Thursday or Friday and thinks it should be supported.