The Biden-McCarthy Debt Ceiling Deal Disappoints Fiscal Conservatives
Posted on AllSides May 30th, 2023
From The Right
What’s happening: President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) have reached a deal on the debt ceiling, facing mixed reviews from the GOP. Now, the task at hand is to convince skeptical members of Congress that the agreement is favorable. The deadline for the House and Senate to ratify the debt-ceiling suspension to avoid a June 5 default looms, setting the stage for a critical week ahead. Spending: The deal effectively keeps nondefense spending at 2023 levels, with a provision for a modest 1 percent spending increase per...