Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval

The House Rules Committee on Tuesday voted 7-6, with two Republicans opposed, to advance the measure to the floor, signaling the tough vote still ahead. “It is my expectation that House Republicans would keep their promise and deliver at least 150 votes as it relates to an agreement that they themselves negotiated,” Jeffries said. Raising the debt limit, now $31.4 trillion, would allow Treasury to continue borrowing to pay the nation’s already incurred bills. Congress and the White House are racing to meet the Monday deadline now less than a week away. That’s when Treasury Secretary Janet Yellen has said the U.S. would run short of cash and face an unprecedented debt default without action.