Friday, Oct. 23, 2026

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The debt ceiling bill may have passed in the House, but the drama is just beginning

By Hayes Brown

The House voted on Wednesday night to pass the Fiscal Responsibility Act, the bill codifying the deal between President Joe Biden and House Speaker Kevin McCarthy, R-Calif., to raise the debt ceiling. The final vote — 314 — 117, with Democrats providing the majority of the votes in favor — highlighted just how much the final agreement changed versus when the GOP passed its "Limit, Save, Grow Act" in April.

With just days before a June 5 deadline that would have left the U.S. unable to pay its bills, there's been no time to spare in actually getting the deal through Congress. Tellingly, the vote reflects the fact that the deal is bipartisan in the sense that it's gotten votes from both parties, not that it is a win for both parties equally. Likewise, it is a compromise in that only some Americans will have their lives impacted for the worse. The alternative was either a massive hole Republicans tried to cut into the social safety net with their original bill, or widespread economic chaos a default would have caused.

In all, though, it is clear that the bill could have been much worse.

This is a preview of Hayes Brown's latest article. Read the full column here.

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