House GOP passes debt limit bill | The Hill

House Republicans have passed a bill to raise the debt ceiling by $1.5 trillion in exchange for spending cuts. The vote is a win for Speaker Kevin McCarthy as he challenges President Joe Biden to negotiate and prevent a federal default this summer.

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[dyvel]

Hmm, isnt news nation supposed to be unbiased?
I'm looking forward to when Democrats refuse to raise the debt ceiling unless it is guaranteed that the money won't go towards tax cuts for the rich and corporations.
Increasing or enforcing taxes for corporations should be the primary way to reduce debts and avoid having to raise the ceiling.

[nikitakucherov]

Spend some of that money on wifi so the important announcement doesnt freeze 🤦🏻‍♂️

[davidhaynes]

This is good news, for now.
The markets where starting to react and I think Kevin McCarthy started getting the message.

[joebagodonuts]

$1.5 trillion is much larger than Trump’s last non Covid budget.

Biden should love it.

[Sisyphean]

This is horrible, keep raising the limit puts future generations at risk. This is short sided and gonna hit hard when this collapses

[dyvel]

Think about the possibilities of the Democrats being able to use the debt ceiling has the means to stop republicans from financing tax cuts by increasing the debt.
Imagine if that had been on the table when Trump was president.