A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling faces its first test in Congress on Tuesday, setting up what could be a nail-biting week of voting before the United States runs out of money to pay its bills.
The House of Representatives Rules Committee is due to consider the 99-page bill at 3 p.m. on Tuesday, ahead of votes in the Republican-controlled House of Representatives and the Democratic-controlled Senate.
Both Democratic President Joe Biden and the top Republican in Congress, House Speaker Kevin McCarthy, have predicted they will get enough votes to pass it into law before June 5, when the U.S. Treasury Department says it will not have enough money to cover its obligations.
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