A bitter mood prevailed on Capitol Hill as US lawmakers struggled to find a compromise measure to lift the nation's $14.3 trillion debt, as talks to avert a ruinous default went down to the wire.
Republican leaders in the US House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of US borrowing capacity, but the bill does not specify a dollar amount.
The US House of Representatives today passed an extension of borrowing authority under the federal debt limit to May 19, putting the Republican plan on a fast track to enactment after top Senate Democrats endorsed it.