The House Rules Committee on Tuesday evening advanced a bipartisan bill to raise the debt limit and avert a national default, paving the way for a floor debate in the lower chamber on Wednesday. The panel advanced the legislation by a 7 to 6 vote, with several Republicans objecting to its advancement. On Wednesday, lawmakers will debate the proposal on the floor. Conservative lawmakers such as Texas Rep. Chip Roy and South Carolina Rep. Ralph Norman had sought to block its advancement, but enough Democrats and Republicans on the committee overruled them.
Read MoreDebt Limit Deal Clears House Panel, Setting Up Floor Debate
