Amid sputtering debt ceiling negotiations, Rep. Marjorie Taylor Greene bid $100,000 to win a lip balm — and a fundraising visit from House Speaker Kevin McCarthy — in an auction to benefit the House GOP's campaign arm.
It is not unusual for the GOP conference to raise money for campaigns when conference members meet at the Republican National Committee building, as they did Tuesday. Rank-and-file members are asked to donate what are essentially leftover campaign funds to the House GOP’s campaign arm. Greene, who easily won reelection to her second term in November, will transfer the $100,000 from her campaign account to the National Republican Campaign Committee.
What is unusual was the historic backdrop against which the auction took place. White House officials and Republicans have been stuck at an impasse in negotiations over raising the , with Democrats and President Biden pushing to raise the limit without conditions, as Congress did three times during the Trump administration.House Republicans have demanded concessions to raise the debt ceiling, pushing for spending limits on a substantial pool of federal funding that excludes programs such as Social Security and Medicare, with an aim to restrain the growth of spending on an enormous part of the U.S. government.
Officials in both parties have warned that the United States could default on its debts as early as June 1 without congressional approval to raise the nation’s debt limit. White House economists have said that an extended breach of thecould wipe out more than 8 million jobs and cause “severe” economic damage.
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