The agreement would lift the U.S. debt ceiling and permanently end the automatic spending cuts known as sequester.
U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks during a news conference on Capitol Hill in Washington, D.C., U.S. on Wednesday, July 17, 2019.The House had enough votes Thursday to pass a bill to raise the U.S. debt ceiling and set budget levels for two years, taking a step toward avoiding calamity that threatens to disrupt the economy.
The House vote sends the measure to the Senate, which is expected to pass it in the coming days and send it to President Donald Trump's desk. Trump has voiced support for it and is expected to sign it. Passing the bill will also avoid sequester, automatic across-the-board spending cuts set to take place next year. Congress still has to pass separate appropriations bills to avoid a government shutdown before funding lapses at the end of September.
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