Beltway Briefing Podcast
Congress Passes Debt-ceiling Bill, Averting Default
June 5, 2023
After weeks of political impasse and tense negotiations, the Senate voted 63-36 to approve bipartisan legislation to raise the nation’s debt limit, sending the compromise bill to the White House ahead of a projected Monday default deadline. The result, at least until January 2025, will allow the Treasury to immediately resume paying bills with borrowed funds and it will impose spending caps on portions of the budget for two years. Public Strategies’ Mark Alderman, Rodney Davis, and Towner French discuss this truly bipartisan success and break down the final tallies in both chambers. Also, as former VP Pence is set to launch his presidential campaign on June 7, they also ponder what impact it will have on the growing 2024 Republican primary
