Navigating the High-Stakes Politics of the Debt Ceiling
TL;DR
Speaker Kevin McCarthy faces a tougher challenge in finding a debt ceiling bill that can win support from House Republicans and President Biden by the June 1 deadline set by Treasury Secretary Janet Yellen. McCarthy must work across the aisle to prevent a government default while keeping the confidence of conservatives in his conference who expect him to hold a hard line on federal spending and deficit reduction. Biden is demanding a "clean" hike, and the Republican proposal is dead on arrival in the Democratic-led Senate, where legislation to lift the borrowing cap to prevent a default will require bipartisan buy-in.
- GOP, McCarthy now face even heavier debt ceiling lift The Hill
- Panel: If McConnell takes over debt ceiling negotiations, McCarthy might face a 'revolt' NBC News
- How McCarthy could pick off centrist Dems with 4 debt-limit ideas POLITICO
- Rebel Democrats Risk Empowering GOP Extremists on Debt Limit New York Magazine
- Staying Clear-Eyed About Republican Radicalism on the Debt Ceiling The Bulwark
- View Full Coverage on Google News
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