OnPolitics: What's next for debt limit deal?

The deal needs to hit Biden's desk before Monday, June 5, or the government risks not being able to pay its bills.

Advertisement Read in browser Read in browser On Politics Thu Jun 1 2023 Hey there, OnPolitics readers. We're recapping this week's debt ceiling news today. The agreement struck by President Joe Biden and House Speaker Kevin McCarthy to avoid a catastrophic default on the country's debt sailed through the House last night. The deal – the "Fiscal Responsibility Act" – passed 314-117 as a bipartisan effort as strong majorities of both parties pushed the legislation forward despite opposition from liberal Democrats and hardline conservative Republicans. ❌ The opposition: These 117 lawmakers opposed the debt ceiling deal. What's next: Now the deal is on its way to the Senate, and Majority Leader Chuck Schumer is eyeing a quick vote Friday since Congress needs to send the agreement to Biden ASAP. The deal needs to hit Biden's desk before this Monday (June 5) or the government won't be able to pay its bills, Treasury Secretary Janet Yellen has warned. Keep reading: Debt ceiling deal passes House by wide margin, heads to Senate as June 5 default looms 3 things to know: Senate leaders must now navigate debt ceiling deal 5 takeaways on the debt ceiling deal: McCarthy struts to victory as Dems bemoan 'hostage-taking' 📨 Stay in the know on politics: Sign up for the OnPolitics newsletter Jan. 6. extremists face consequences. What that means for 2024 Extremism experts told USA TODAY the consequences Jan. 6 defendants are facing act as a deterrent for bad actors, but underlying ideologies persist. READ MORE Advertisement Trump draws a huge field of 2024 opponents: Why it helps and hurts him Too many other candidates would split the "anti-Trump vote," analysts say, but could also make the case against renominating the former president. READ MORE Trump recorded while talking about classified document on Iran: report Officials have a recording of former President Donald Trump discussing that he had a classified Pentagon document about a possible attack on Iran. READ MORE Biden student loan forgiveness plan repealed in Senate; veto expected The sweeping student loan debt forgiveness is stalled anyway, because of a pair of cases before the Supreme Court. READ MORE Pentagon cancels Pride Month drag show at Air Force base The show at the Nellis Air Force Base in Nevada was slated to take place the first day of Pride Month, June 1, in recognition of the LGBTQ community. READ MORE Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Advertisement Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback