Tonight, the debt ceiling bill passes the House.

We'll break down what's in it, what it means for the economy and the upcoming battle in the Senate.

Then, the mountain legal troubles for the former president, as we're learning more about special counsel Jack Smith's investigation.

And Donald Trump also facing political challenges with two former allies set to enter the 2024 race.

As the 11th hour gets underway on this Wednesday night.

Good evening, once again, I'm Stephanie Rule.

Less than two hours ago, the House passed a bipartisan plan to head off a disastrous default,

which the Treasury warned could come as soon as Monday.

The bill cleared the House at a critical time for our economy, with the risk of recession still a concern.

314 members voted in favor of the bill, 117 voted against it.

Among the no votes, 71 Republicans, including members of the Freedom Caucus.

But they were not alone. 46 Democrats were also in the no column.

But before the vote took place, several members from both sides went to the floor to make their case for the bill.

Thank goodness for Joe Biden's legislative skill.

We will not go over the edge. And they were prepared to take us over the edge.

We contain spending cuts that take a step in the right direction towards restoring fiscal sanity in Washington.

We need to avert a default that would stop checks to our seniors, benefits for our veterans.

House Democrats were clear that we will not allow extreme, mega Republicans to default on our debt,

crash the economy, or trigger a job killing recession.

The first time in years, this Congress is actually debating a bill that will reduce spending from one year to the next.

This bill is far from perfect, but it prevents a default and it prevents cruel Republican cuts.

After the vote speaker McCarthy said this.

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