Debt ceiling deal passes House; Senate begins debate 

Jun 01, 2023 - 02:09 PM
capitol hill 900x400

The House May 30 voted 314-117 to pass the bipartisan Fiscal Responsibility Act of 2023 (H.R. 3746), a deal to suspend the debt limit for nearly two years and make other policy changes. The Senate has begun consideration of the bill; a vote is possible by Friday, June 2. 
  
The debt ceiling deal includes suspending the nation’s $31.4 trillion borrowing limit until January 2025; enacting limits on the growth of federal discretionary spending over the next two years; adding some new work requirements for certain recipients of food stamps and the Temporary Aid for Needy Families program; clawing back some money from the IRS and COVID-19 relief; and setting up a new statutory ‘PAYGO’ process for Executive Branch rules that increase spending, with some exceptions and waivers.  
   
Treasury Secretary Janet Yellen said that the government would default if Congress does not increase or suspend the debt ceiling by June 5.  

Related News Articles

Chairperson's File
Chair File: Inside the Shutdown and Other Key 2025 Priorities
Public
This week brings the fourth week of the federal government shutdown as Congress has yet to pass legislation to fund the government. This shutdown is a bit…
Headline
Shutdown continues with no significant progress toward funding deal
The government shutdown is expected to continue into next week as the Senate is expected to adjourn Oct. 23 with no plans to vote this weekend. The chamber Oct…
Headline
Government funding bill fails 10th time in Senate as chamber adjourns until next week
The Senate Oct. 16 failed for a 10th time to advance the continuing resolution to extend government funding and end the ongoing shutdown. The chamber adjourned…
Chairperson's File
Chair File: Leadership Dialogue — Legislative Outlook and Health Care Advocacy with AHA Executive Vice President Stacey Hughes
Public
There is a saying that is very timely for our field: A smooth sea never made a skilled sailor. As we head into the final months of 2025, hospitals and health…
Headline
Shutdown expected to continue next week as Senate adjourns
The federal government shutdown is expected to continue into next week as the Senate adjourned Oct. 9 after failing to pass spending legislation; senators plan…
Headline
AHA calls for Senate committee to strengthen supply chain for pharmaceuticals, medical devices
The AHA provided a statement of record to the Senate Special Committee on Aging for a hearing Oct. 8 on the pharmaceutical and medical device supply chains.…