What is Exactly in the Debt Ceiling Bill?

 Since many of you commented that you would like to now more about this bill, I researched and found out what is exactly in this bill and what its going to create.


 So now to a list:

Senate Preparing to Vote on the Debt Deal at Noon

Senate is preparing to vote on a bill, having said so much about it, the deal is bounded to be passed and I do not think that failure is an option at this point, so just interesting to see how each side going to vote.


Update: Senate ha successfully approved the deal(72-26), which moves the bill to the White House, where Obama will need to sign it.

Raising the Debt Ceiling - House of Representatives Took a Vote!

House of Representatives needed 216 votes to pass the bill to a Senate. Thankfully to everyone, House was able to pass it with a vote count of 269 for and 161 against. Republicans had voted 174 for and 66 against, while Democrats votes split with equal votes for and against the bill. Now it is the time for Senate to take a vote, reportedly the vote is possible tonight.

Compromise Has Been Reached

So the compromise between GOP, Democrats, and the White House has been reached. However, Congress, still did not vote on the new proposed bill. Everyone awaits the voting process, as August 2 is getting closer.