House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

Automatic TRANSCRIPT

The house has passed a bill that veers the nation away from a debt default crisis. The compromise agreement between House speaker Kevin McCarthy and President Biden did not please most lawmakers, but still passed easily. Yeah, he's a three 14, the Nas are one 17. Tonight, we all made history. Immediately after the vote, McCarthy said it's the biggest spending cut Congress has ever approved. Still far right conservatives like chip Roy had vowed to block the bill. You cut a deal. That shouldn't have been cut. Saying the cuts were not nearly deep enough. Democrats said it was far better than the alternative, a potentially catastrophic first ever default on America's debt. The bill now goes to the Senate where majority leader Chuck Schumer said it would move quickly to the Oval Office. I can not stress enough that we have no margin, no margin for error. Sagar Meghani, Washington.

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