The bipartisan compromise between President Joe Biden and House Speaker Kevin McCarthy passed with only 17 Republicans voting yes.

The bill now moves to the Senate, where speedy action will be required before a potential U.S. default.

The House speaker said President Biden 'walled off' potential cuts to the programs during debt ceiling negotiations.

A default by the U.S. government on its debts could affect 6 million jobs and trigger global economic chaos, but President Joe Biden has struck a compromise with House Speaker Kevin McCarthy to prevent that.

The Florida Republican voted to suspend the debt ceiling and boost federal spending in 2018 under President Donald Trump.

Rep. Mike Levin says Republicans have been holding the economy hostage in order to slash vital programs.

After repeatedly voting against border security funding, Republicans are pushing debt ceiling legislation that would likely slash existing funding by 22%.

But so far zero have joined the Democrats' effort to make that happen.

The California Republican blamed Democrats for two bills he helped pass as House majority leader.