Speaker of the House Kevin McCarthy, R-Calif., walks to the House chamber at the Capitol in Washington, Wednesday, May 31, 2023. as the House moves toward passage of the debt limit bill. (AP Photo/Jose Luis Magana)

The US House of Representatives voted to advance a bill that would raise the nation’s $31.4 trillion debt ceiling days before a potential default. The bill, titled the Fiscal Responsibility Act of 2023, will go to the Senate after a 314-117 vote in the House. “Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery,” Mr Biden said in a statement.

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