Facing a revolt from Midwestern Republicans over doing away with biofuel tax credits that were just passed into law last year by President Joe Biden, GOP House members relented and allowed the tax credits to stay on the books.
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Biden will veto US House Speaker McCarthy's debt bill if it passed CongressIf U.S. President Joe Biden were to be presented with Republican House of Representatives Speaker Kevin McCarthy's spending and debt bill, he would veto it, the White House said on Tuesday.
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Senate GOP laments House Speaker McCarthy plan to kick debt ceiling to election year: reportSome Senate Republicans are reportedly leery of House Speaker Kevin McCarthy, R-Calif., pushing the debt ceiling debate into an election year.
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McCarthy edges Republicans closer to House debt voteHouse Republicans are pushing their debt ceiling package toward a vote. The roll call could come as soon as Wednesday. Speaker Kevin McCarthy's team huddled with key holdouts late into Tuesday evening. He declined to say whether he had the majority votes needed for passage. Prospects for the sweeping package were buoyed by a nonpartisan Congressional Budget Office analysis showing the Republican plan would reduce federal deficits by $4.8 trillion over the decade if the proposed changes became law. It would lift the debt ceiling by $1.5 trillion into 2024 in exchange for steep budget cuts. President Joe Biden has threatened to veto the bill.
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White House says Biden would veto House Republicans' debt ceiling billThe White House called the bill a 'reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.'
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Melissa McCarthy had a very Melissa McCarthy reaction to being on People’s Beautiful Issue cover“I thought the younger version of myself or everybody out there who isn’t the youngest or whatever ... I felt like it was saying something really lovely to my younger self, to my 20-year-old self. And maybe to other people, too,' McCarthy explained.
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Speaker McCarthy faces big test as debt bill heads for voteSpeaker Kevin McCarthy is hurtling toward one of the most consequential weeks of the new House Republican majority.
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