A last-minute debt and deficit package easily passed the House of Representatives Monday night, but was roundly thrashed by the right and left.
The measure, which is expected to clear the Senate on Tuesday, includes $3 trillion in budget cuts and a two-step, $2.4 trillion increase in the national debt ceiling.
The deal was demanded by administration officials and business groups that said upping the $14.3 trillion debt ceiling was essential to averting a government default by midnight Tuesday.