The U.S. House of Representatives is voting on the $1.9 trillion “fiscal cliff” deal Wednesday that will extend the nation’s debt ceiling through April 30.
While many House Republicans have vowed to not let the debt limit expire, many Democrats and independents support extending the debt ceiling to keep the government running, and a majority of Americans have said they want to raise the debt cap.
In an opinion piece for the Wall Street Journal, House Majority Leader Eric Cantor (R-VA) wrote that he has a “very good idea” of what he will do to “get the $800 billion we need to meet our obligations.”
But Cantor’s plan is still up in the air, and Democrats and Republicans have been sparring over the deal for months.
Here are five takeaways from the debate over the fiscal cliff deal:1. The U