Debt ceiling deal faces opposition from GOP leaders.
TL;DR
Rep. Chip Roy is pushing to remove "Green New Deal-type subsidies" from President Biden's Inflation Reduction Act as part of a deal to raise the debt ceiling and cut federal spending. House Republicans plan to vote on raising the debt ceiling for one year while capping federal spending at the fiscal year 2022 level. Roy agrees with the overall tone of the plan but wants to see real cuts in the first year to wasteful spending. The White House has criticized the proposal, saying it would hold Americans' jobs and retirement savings hostage.
Topics:nationpolitics#chip-roy#debt-ceiling#federal-spending#green-new-deal#inflation-reduction-act#politics
- Chip Roy pushes to ‘unwind’ Biden’s Inflation Reduction Act as part of debt ceiling deal Fox News
- Kevin McCarthy at odds with debt ceiling plan 23 ABC News | KERO
- The US economy could depend on McCarthy corralling his extremist Republican troops CNN
- Opinion | A Few Ways Out of the Debt Ceiling Mess The New York Times
- Speaker Kevin McCarthy Heads Down Wrong Path on Debt Limit Bloomberg
Want the full story? Read the original reporting
Read on Fox News