House Passes Debt Ceiling Bill

The House passed a bill 217-215 that would raise the debt ceiling while proposing sizable cuts to domestic programs. The plan would return spending limits to 2022 levels and limit spending growth to 1% per year.

Also in the 320-page bill are blocks to Biden’s student loan forgiveness plans, repeals to green energy tax credits, and new IRS funding enacted as part of the Inflation Reduction Act.

New oil drilling projects would be expedited, while rescinding funding enacted to respond to the Covid-19 pandemic.

The four Republicans to vote against the bill were Ken Buck of Colorado, Andy Biggs of Arizona, Tim Burchett of Tennessee and Matt Gaetz of Florida.

The one no vote they flipped today was Nancy Mace, of South Carolina.

“I feel heard by the speaker, and … I will support the debt ceiling vote today because he listened to my concerns,” Mace said.

The bill will be DOA in the Senate, but is seen as a political win for Qevie McCarthy as a negotiator with President Biden.

Please watch the bright spot on the House floor below.

More at CNN.

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