BREAKING: House passes McCarthy’s debt ceiling bill by two votes, four Republicans vote against
Fox News White House correspondent Jacqui Heinrich asks President Biden to explain his stance on debt ceiling negotiations.
Republicans cast the vote as a win that puts them in the driver's seat in negotiations they hope can happen with President Biden in the coming weeks. Biden has refused to entertain anything other than a clean increase in the debt ceiling, while Republicans insist he should agree to some trimming in the federal budget as a condition of raising the government's borrowing limit.
Without some agreement to raise the debt ceiling, the federal government is at risk of not being able to pay its bills sometime around early June.on Wednesday after spending hours in the Speaker’s office the day before. All four members of the Iowa House delegation, all Republicans, released a joint statement hours before the vote announcing their intent to support the bill. They were part of a group of about seven or eight lawmakers from the"corn belt" who were concerned about the initial bill’s repeal of tax credits that would impede ethanol production in their state.Rep. Nancy Mace, R-S.C.
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