Economic news

US House committee votes to advance debt ceiling bill

2023.05.30 21:31

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© Reuters. The U.S. Capitol’s dome is reflected in a puddle, in the midst of an ongoing legislative effort to raise the United States’ debt ceiling and avoid a catastrophic default, in Washington, U.S. May 30, 2023. REUTERS/Jonathan Ernst

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WASHINGTON (Reuters) – A bill to suspend the $31.4 trillion U.S. debt ceiling and avert a disastrous default advanced on Tuesday when a key House of Representatives committee voted to send it to the full chamber for a Wednesday vote.

The Republican-controlled House Rules Committee voted 7-6 to advance the bill to the floor for a vote on Wednesday.

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