The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage before a June 5 default deadline. Know more:
President Joe Biden and House Speaker Kevin McCarthy reached an agreement Sunday on a deal to raise the nation’s debt ceiling.The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage before a June 5 default deadline.
“I never say I’m confident about what the Congress is going to do, but I feel very good about it,” Biden told reporters Monday. White House interpretation of the caps has it telling lawmakers the deal would lower spending by about $1 trillion over a decade, while the GOP argues the spending cut is double that. Restive conservatives, however, wanted to extract much deeper cuts.
One conservative on the committee, Representative Chip Roy of Texas, tweeted Monday that McCarthy had promised while running for speaker that nothing would pass muster in Rules without at least seven GOP votes. He and Ralph Norman, another Republican on the panel, already oppose the bill so they need just one more defector. Across the full Hous, are at least 10 GOP “no” votes.
Some Democrats—including Representative Raul Grijalva, who leads his party on the House Committee on Natural Resources—are angry because of that language and could vote against it.
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