Debt Limit Legislation Passes House and Heads to Senate Amidst Grinning and Growling.

A group of Republican defense hawks in the Senate raised objections to the Pentagon funding levels in the bipartisan bill to suspend the federal debt limit and impose spending caps, threatening to delay passage of the plan that must be enacted by Monday to avoid a government default. The bill, negotiated between Speaker Kevin McCarthy and President Biden, would increase Pentagon spending to $388 billion for next year, a 3 percent raise, when many domestic programs were targeted for cuts in the plan. Despite warnings from leaders of both parties that the Senate needed to act swiftly, some lawmakers said a vote could come Thursday evening but officials cautioned approval might not come until Friday at the earliest.