Wednesday, May 31, 2023

Default Defeated

The House of Representatives has passed the compromise debt ceiling raise bill worked out by President Biden and Speaker McCarthy. The vote was 314 to 117. 

Hard line conservatives and equally hard line progressives voted against the bill for opposite reasons. A centrist bipartisan majority approved it roughly 2 to 1. 

People wondered if Kevin McCarthy would be a strong speaker as it took many ballots to elect him. Tonight it appears he will be exactly that.

The Senate is expected to pass the bill in time to forestall a government default, and the President's signature is a given.