US Congress approves deal to lift country's borrowing limit

Tags: International News

The US Congress approved a deal to lift the country's borrowing limit, thereby preventing default on its debt.

An Overview of the News

• The bipartisan measure passed through the Senate with a vote of 63-36 after the US House of Representatives approved it.

• President Joe Biden committed to turning the measure into law to protect the US from a catastrophic default on its $31.4 trillion debt.

United States House of Representatives

• It is the lower house of the United States Congress.

• It, along with the Senate, forms the national bicameral legislature of the United States.

• Its structure and functions are established by Article One of the United States Constitution.

• It provides proportional representation based on the population of each state.

• It has a total of 435 representatives.

Founded - 1789

Headquarters - Washington, D.C., United States

Speaker - Kevin McCarthy 

Majority Leader - Steve Scalise 

Minority Leader - Hakeem Jeffries