The timeline allows Biden and Congress to set aside the politically risky issue until after the November 2024 presidential election. The legislation suspends - in essence, temporarily removes - the federal government's borrowing limit through Jan. Republicans control the House by a narrow 222-213 majority. That would normally be enough to block partisan legislation, but 165 Democrats - more than the 149 Republicans who voted for it - backed the measure and pushed it through.

The measure, a compromise between Biden and House Speaker Kevin McCarthy, drew opposition from 71 hardline Republicans. 'I urge the Senate to pass it as quickly as possible so that I can sign it into law.'

'This agreement is good news for the American people and the American economy,' Biden said after the vote.

The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. WASHINGTON, May 31 (Reuters) - A divided U.S.

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