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The Uncertainty of McCarthy's Debt Ceiling Plan for US Economy

1 min read
Source: Axios
The Uncertainty of McCarthy's Debt Ceiling Plan for US Economy
Photo: Axios
TL;DR

House Speaker Kevin McCarthy faces a challenge in getting the 218 votes he needs to pass a proposed debt ceiling increase by his new self-imposed deadline, as a half-dozen House Republicans have reservations about the incomplete proposal. GOP leadership unveiled their proposal to raise the debt ceiling into 2024 while slashing spending, but some Republicans want more aggressive cuts, while others are uncomfortable with the whole enterprise. McCarthy is far from where he needs to be in terms of floor vote math, but even his detractors say it's possible they could come together.

Topics:nationpolitics#debt-ceiling#gop-conference#house-republicans#kevin-mccarthy#politics#spending-cuts
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  1. House Republicans won't commit to McCarthy's debt ceiling plan  Axios
  2. The US economy could depend on McCarthy corralling his extremist Republican troops  CNN
  3. Lawmakers return to Washington as debt limit crisis looms  KITV
  4. Speaker Kevin McCarthy Heads Down Wrong Path on Debt Limit  Bloomberg
  5. Kevin McCarthy's Debt-Ceiling Marker - WSJ  The Wall Street Journal

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