The House on Wednesday night approved a bill to raise the nation's debt ceiling while cutting some government spending over the next two years, in a major victory for both the White House and Republican leaders as the country tip-toes closer to a historic default on its bills.

The final vote was 314-117.

A majority of the GOP conference backed the legislation, with 149 votes, but it was 165 Democrats who helped ensure passage as 71 conservatives ultimately voted no, as did 46 Democrats. Four lawmakers, two Republicans and two Democrats, didn't vote.