Watch live as the US House of Representatives is expected to vote on a bill to raise the debt ceiling on Wednesday, May 31.
Republicans control the House with a 222-213 majority, meaning the bipartisan deal – agreed days earlier – would need the support of both Speaker Kevin McCarthy’s Republicans and Joe Biden’s Democrats to pass.
Ahead of the vote to lift the government’s $31.4 trillion debt limit, Mr McCarthy predicted it would pass the chamber, saying: “It’s going to become law.”
Meanwhile, Mr Biden took to Twitter to describe what failure to pass the bill could mean for America.
“Our bipartisan budget compromise averts the worst possible crisis: a default for the first time in our nation’s history — an economic downturn, retirement accounts devastated, and millions of jobs lost,” he wrote.
If a majority of legislators in the House approve, the bill will move to the US Senate.
https%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fworld%2Famericas%2Fus-politics%2Fdebt-ceiling-vote-us-house-b2349184.html