GOP Struggles to Secure Votes for Debt Plan as Wall Street Braces for Standoff
TL;DR Summary
House Republican leaders are struggling to secure enough votes to pass their package to raise the national debt limit, with House Speaker Kevin McCarthy only able to afford to lose four votes in the narrowly-divided chamber. GOP leaders are facing resistance on several fronts within their own ranks, with some calling for wholesale changes to the package. President Joe Biden has issued a veto threat for the legislation, calling it "a reckless attempt to extract extreme concessions." Meetings will continue Wednesday morning as McCarthy tries to limit GOP defections.
- McCarthy scrambles to lock down votes for GOP debt plan amid concerns in the ranks CNN
- House Rules Committee taking up House Speaker McCarthy's debt ceiling plan CBS News
- GOP readies debt ceiling vote as Wall Street braces for costly standoff The Washington Post
- The debt ceiling is the least of our nation’s fiscal concerns The Hill
- Opinion | Dismiss the Debt Ceiling at America's Peril The Wall Street Journal
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