House passes sweeping budget, debt limit deal

The House passed a two-year budget deal Thursday that lifts the debt ceiling and boosts government spending by $320 billion.

The legislation would suspend the debt limit through July 2021 and increase spending caps for the next two years, putting the U.S. on track to add an estimated $1.7 trillion to the deficit over the next decade when compared with the billions in automatic spending cuts that would otherwise kick in.

Lawmakers passed the package in a 284-149 vote. Sixty-five Republicans voted for the measure, and 16 Democrats voted against it.

The legislation now heads to the Senate, which is expected to pass it next week before senators leave town for the August recess.

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