Giffords on the House floor (House TV via AP)Just a day before the United States faces financial default, House lawmakers approved a compromise bill that will raise the nation's debt ceiling in exchange for trillions of dollars in federal spending cuts.
The bill, approved 269 to 161, will increase the debt ceiling by at least $2 trillion as well as cut roughly the same amount in federal spending over the next decade. The legislation was backed by a solid majority of Republicans and about half of the Democratic caucus. Sixty-six Republicans and 95 Democrats voted no.
Among the "yea" votes: Democratic Rep. Gabrielle Giffords, who appeared on the House floor for the first time since January, when she was shot and critically wounded at a congressional event in her Arizona district.
The legislation now heads to the Senate, where Majority Leader Harry Reid has said lawmakers will vote on the bill around noon on Tuesday.Read More »from Gabby Giffords returns to Congress and helps House pass debt compromise