10 things you need to know today: April 27, 2023

House Republicans pass bill to raise the debt ceiling, writer E. Jean Carroll testifies that "Trump raped me" in defamation trial, and more

 E. Jean Carroll outside the court where her civil trial against Trump is taking place
(Image credit: Michael M. Santiago/Getty Images)

1. House Republicans pass debt ceiling bill

House Republicans narrowly passed a bill on Wednesday that would raise the debt ceiling while cutting federal spending and rolling back major parts of President Biden's domestic agenda. Congress must raise the borrowing limit soon to keep the U.S. Treasury from defaulting on its bills, which would be catastrophic for the economy. The House legislation, which passed 217-215, would raise the debt ceiling and repeal Biden's programs to combat climate change and forgive some student debt. "We've done our job," House Speaker Kevin McCarthy (R-Calif.) said, adding that Biden can "no longer ignore" negotiations with House Republicans. The White House repeated Biden's insistence that Congress must raise the debt ceiling without conditions, and Senate Majority Leader Chuck Schumer (D-N.Y.) accused Republicans of "hostage-taking."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.