Debt Ceiling Bill Unveiled by House GOP Leader McCarthy Amid Political Pressure.

1 min read
Source: Axios
Debt Ceiling Bill Unveiled by House GOP Leader McCarthy Amid Political Pressure.
Photo: Axios
TL;DR Summary

Some key House Republicans are signaling their support for House Speaker Kevin McCarthy's debt ceiling bill, which includes corresponding budget cuts. McCarthy hopes that getting 218 votes for the bill will bring the White House to the negotiating table. However, President Biden has insisted he won't negotiate spending cuts over the debt ceiling. Democratic campaign operatives are attacking vulnerable Republicans over the spending cuts in the bill, but some members insist they're not worried about selling it back home. Conservatives are signaling that they won't dilute the spending cuts, meaning McCarthy may have to turn to Democrats to pass any deal struck with the White House.

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