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Senate approves House-passed debt ceiling deal, avoiding default

U.S. Capitol police stand outside the Capitol building as the Senate votes on debt ceiling legislation to avoid a historic default at the U.S. Capitol in Washington, U.S., June 1, 2023. (OSV News photo/Evelyn Hockstein, Reuters)

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.

Watch your local Catholic news source for the full OSV News story.

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