McCarthy's plea for Republican support on debt ceiling plan crucial for US economy.
Speaker Kevin McCarthy urged House Republicans to support his debt ceiling plan, which includes clawing back unspent Covid-19 funds, 10-year caps on spending, prohibiting President Joe Biden’s student loan forgiveness, and enacting a GOP energy bill. McCarthy wants to use the GOP-only plan to pressure the White House to come to the negotiating table, even if the bill won’t pass the Democratic-controlled Senate. However, the challenge for McCarthy is to unite his conference behind the proposal amid internal divisions between different factions, with some conservatives pushing for more to be included and others refusing to back a debt ceiling hike under any circumstances.
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