House passes the bill to suspend the nation's debt limit through January 1, 2025. It will need to be approved by the Senate next.
The bill will next need to be passed by the Senate before it can be sent to President Joe Biden to be signed into law. In the Senate, any one lawmaker can delay a swift vote and it is not yet clear when a final vote will take place. The timeframe to pass the bill through Congress is extremely tight and there is little room for error, putting enormous pressure on leadership in both parties.
Earlier Wednesday, the chamber cleared a key hurdle to advance to a final vote when it approved a rule governing floor debate for the debt limit bill. Rules are typically supported by just the majority party and opposed by the minority. But in this case, 52 Democrats voted “yes” to get the rule across the finish line after 29 Republicans voted against it. Democratic leaders instructed their members to let Republicans put up their votes for the rule first, a source familiar told CNN.
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