Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline

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The House passed the debt ceiling bill Wednesday night, days before the U.S. is projected to run out of money to pay its bills.
The Fiscal Responsibility Act is the result of a deal reached between House Speaker Kevin McCarthy and President Joe Biden.
Senate Majority Leader Chuck Schumer said the Senate will “do everything we can to move the bill quickly.”

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