10 things you need to know today: June 1, 2023

The House passes deal raising the debt limit, prosecutors reportedly have an audio recording in which Trump discusses classified material, and more

Donald Trump pumps his fist outside Trump Tower
Prosecutors reportedly have a recording of Trump discussing a classified military document
(Image credit: Kyle Mazza / Anadolu Agency via Getty Images)

1. House passes deal to raise debt limit, sending it to Senate

The House on Wednesday passed the bipartisan deal to raise the debt ceiling and avoid an unprecedented and catastrophic default. The bill now goes to the Senate, where it still faces hurdles ahead of a June 5 deadline, when the Treasury Department has said it will start running short of money to cover all the country's financial obligations. Hard-line conservatives tried to block the bill in the House, saying the compromise brokered over the weekend by House Speaker Kevin McCarthy (R-Calif.) and President Biden didn't contain sufficient spending cuts in exchange for raising the $31.4 trillion debt limit for two years. In the end, the measure passed by a comfortable 314-117 margin in a test of McCarthy's control of his party's narrow House majority.

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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.