The winners and losers of the debt ceiling deal
by Cami Mondeaux, Congressional Reporter |
June 02, 2023 08:25 AM
The Senate powered through a marathon voting session on a number of amendments to the Fiscal Responsibility Act on Thursday night, ultimately passing the bill to raise the debt ceiling and avoid economic collapse just days ahead of the Treasury’s default deadline.
The bipartisan bill is a result of grueling negotiations between Republicans and the White House, followed by an intense whip effort in the House earlier this week by Speaker Kevin McCarthy (R-CA) to get enough members of his caucus on board to advance the legislation. The Senate was quick to pick up the bill the next day, allowing senators to vote on a series of amendments in an effort to force a vote on the legislation.
Overall, the bill passed the House with a wide margin of 314-117 on Wednesday before cruising through the Senate with a 63-36 vote the next day. The legislation now heads to President Joe Biden’s desk for his signature.
The deal is a result of bipartisan negotiations and compromises, meaning no one got everything they wanted. Here’s a breakdown of the winners and losers of the debt limit deal.
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https://www.washingtonexaminer.com/news/house/winners-and-losers-of-debt-ceiling-deal
