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House Republicans' 11th-hour debt ceiling rewrite could have catastrophic consequences.

1 min read
Source: CNN
House Republicans' 11th-hour debt ceiling rewrite could have catastrophic consequences.
Photo: CNN
TL;DR Summary

House Republicans are pushing to pass a proposal to raise the nation's borrowing limit and cut federal spending after making last-minute changes to win over key GOP holdouts. The measure aims to boost Speaker Kevin McCarthy's negotiating stance with Democrats and is a symbolic win for GOP leadership. The bill proposes work requirements for Medicaid beneficiaries and removes a repeal of certain tax breaks for biofuels. Passing the bill is the first step for Republicans, and it's not clear when President Joe Biden would sit down again with McCarthy.

Topics:nation#biofuels#debt-ceiling#federal-spending#house-republicans#medicaid#politics
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  1. House Republicans race toward debt ceiling vote after 11th-hour rewrite  CNN
  2. The latest on the House debt ceiling bill: Live updates  CNN
  3. White House: McCarthy's debt limit hostage-taking could have 'extreme' consequences  MSNBC
  4. The human cost of McCarthy’s debt ceiling demands would be catastrophic  The Hill
  5. Debt Ceiling: Kevin McCarthy's Work Requirements Bring Minuscule Savings  Bloomberg

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