WASHINGTON (OSV News) — The U.S. Senate on June 1 passed its version of a compromise bill brokered by President Joe Biden and House Speaker Kevin McCarthy, just days before a June 5 deadline to address the debt ceiling or risk a U.S. government default.
The Senate approved the bill in a 63-36 vote, sending it to Biden’s desk.
The House of Representatives approved the bill, The Fiscal Responsibility Act, the previous day, following a contentious negotiation process between the House GOP leadership and the White House before Biden and McCarthy arrived at a deal within days of what could have been the first default in the nation’s history.
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