Senate Republican leader McConnell: We anticipate debt ceiling bill passing

Ross J Burland FXStreet

US Senate Republican Leader Mitch McConnell is helping to steer crucial legislation to raise the debt ceiling past Senate conservatives but he says:

´´We anticipate debt ceiling bill passing,´´ and claims that the bill is expected to come to the Senate as soon as Thursday.

The US House of Representatives is due to vote on a bill to lift the government's $31.4 trillion debt ceiling in a critical step to avoid a destabilizing default that could come early next week without congressional action.

Republicans control the House by a narrow 222-213 majority, but the bipartisan deal will need support from both Speaker Kevin McCarthy's Republicans and President Joe Biden's Democrats to pass, as members of both parties object to significant parts of the bill.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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