House Passes Deal to Raise Debt Limit, Funds Government

NEW YORK (TheStreet) -- The House of Representatives Wednesday night passed a bill to fund the government and raise the nation's borrowing limit.

By a vote of 285 to 144, Republicans and Democrats upheld a bill negotiated by Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell after a near-three week shutdown of the government and shortly before the United States was to be unable to pay its debts.

Earlier in the evening, the Senate passed the bill 81 to 18. Difficulties had arisen when the Republican-controlled House and Democratic-controlled Senate could not agree to various forms of bills to fund the government and raise the debt limit.

-- Written by Joe Deaux in New York.

>Contact by Email.

More from Politics

McDonald's Fast Food Worker Diagnosed With Hepatitis A

McDonald's Fast Food Worker Diagnosed With Hepatitis A

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Cramer: North Korea Market Selloff Means Buying Opportunities in Domestic Stocks

Cramer: North Korea Market Selloff Means Buying Opportunities in Domestic Stocks

U.S. Considers New Tariffs on Imported Vehicles

U.S. Considers New Tariffs on Imported Vehicles