The United States House of Representatives is scheduled to vote on Wednesday evening to advance a bipartisan bill to raise the debt ceiling, which limits the amount of money the federal government can borrow.The vote comes as the government approaches the deadline of June 5 to lift the debt ceiling or default on its loans, a prospect that experts warn could have devastating effects for the US economy.But Republican House Speaker Kevin McCarthy faced a divided party as he rallied votes for the 99-page deal, which would suspend the $31.4 trillion borrowing limit until January 2025.
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