The House Rules Committee on Tuesday afternoon is holding a hearing crucial for a proposed solution to the debt ceiling impasse. The House and Senate this week have to race to pass a debt ceiling bill to avoid a default after President Biden and Speaker Kevin McCarthy (R-Calif.) struck an agreement in principle over the weekend to increase the borrowing limit. The fast-dash to approve the legislation comes as lawmakers are staring down a Monday deadline, after Treasury Department Secretary Janet Yellen has said the U.S. could run out of cash to pay its bills by that day. The bill will face its first legislative hurdle Tuesday, when the House Rules Committee holds a vote on th
Hence then, the article about watch live house rules committee holds hearing on debt ceiling bill was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Watch live: House Rules Committee holds hearing on debt ceiling bill )