Kevin McCarthy OKs $130 billion spending cut, portending potential government shutdown

House Speaker Kevin McCarthy has agreed to push for a $130 billion spending cut in the upcoming government funding battle in contravention of the debt limit deal struck with President Biden last month.

Mr. McCarthy consented to the cut to quell a revolt by 11 hard-line conservative lawmakers that paralyzed the House of Representatives. Upset with the speaker using Democratic votes to hike the debt ceiling past the 2024 election, the rebels blocked a slew of GOP initiatives from coming to the floor last week.

“Are House Republicans worth reelecting if they do not stand for...