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May 09 2023
News
McCarthy: Biden Won't Budge On Debt Ceiling
'Is it too much to ask that we spend what we spent five months ago?' House Speaker Kevin McCarthy (R., Calif.) on Tuesday said President Joe Biden and Democratic leaders remain unwilling to negotiate on a bill to raise the debt limit, a development that moves the United States closer to default. "Is it too much to ask that we spend what we spent five months ago?" McCarthy said at a press
Washington Free Beacon
Jun 20 2023
Perspectives Blog
Here’s Where Americans Agree on the Debt Ceiling Package
What Happened?With the Fiscal Responsibility Act of 2023 passed just days before the United States defaulted on its debt obligations, the American people are now surveying the aftermath of a months-long political battle in Washington. Here’s an overview of where voters and politicians agreed and disagreed on the debt ceiling package.
Where They DisagreedHalf of Americans believe
Carsen Brunn
Apr 27 2023
News
McCarthy's debt ceiling lesson for House Republicans
House Speaker Kevin McCarthy's debt ceiling maneuver taught his members a valuable lesson about how to get what they want, GOP sources tell Axios.
Why it matters: Republican lawmakers have seen an example of rabble rousers rewarded, and loyalists burned.
McCarthy loyalists felt unheard by the speaker after backing him throughout the grueling speakership election — only to
Axios
Apr 18 2023
News
Here’s Speaker McCarthy’s proposal on the debt ceiling
House Speaker Kevin McCarthy laid out his proposal to handle the debt limit in a speech Monday at the New York Stock Exchange and characterized the plan as a reasonable alternative to high government spending. “Let me be clear: a no-strings-attached debt limit increase will not pass,” he said. McCarthy said his proposal would return federal government spending to 2022 levels, limit spending
Deseret News
Jun 01 2023
News
Senate passes debt ceiling legislation 63-36
‘Tis done. The debt ceiling bill was passed by the Senate 63-36 and will become law as soon as President Biden signs it. Will post more details of the final vote by party and the drama in the Senate today as I find it. Sen. Schumer laying out his resolve this afternoon - .@SenSchumer: "The Senate will stay in session until we send a bill avoiding default to President Biden's desk. We will keep
Daily Kos
Jun 01 2023
News
Senate nears time agreement on debt ceiling bill
The contours of a deal to speed up consideration of the debt ceiling bill are starting to take shape, with Senate leadership negotiating a series of amendment votes to satisfy members ready to slow down its passage. The Senate has until Monday to avoid a possible default, a time crunch complicated by the chamber operating by unanimous consent. Any single senator can hold up the bill, which
Washington Examiner
Jun 03 2023
News
Playbook: Biden milks the debt ceiling deal for 2024
With help from Eli Okun and Garrett Ross SPOTTED: Rep. MAXWELL FROST (D-Fla.) hopping on stage with Paramore to sing their hit song “Misery Business” at Capital One Arena last night. While on stage, Frost said: “F--- RON DeSANTIS” and “F--- fascism.” Watch the video (h/t Eva Schaffer) DEBATE PREP — The RNC released its list of qualifications for the Republican presidential primary debates
Politico
May 31 2023
News
House passes bill to raise debt ceiling into 2025
House Speaker Kevin McCarthy at the U.S. Capitol on Wednesday. Photo: Sarah Silbiger/Bloomberg via Getty Images The House voted Wednesday to pass a bill raising the debt ceiling until 2025 in exchange for measures to cut the budget deficit. Why it matters: The bill's passage puts the U.S. on track to avert a debt default — which Treasury Secretary Janet Yellen projected could happen in a
Axios
May 31 2023
News
House Passes Bill To Avert Debt Ceiling Crisis
The House agreed to suspend the debt ceiling until 2025 on Wednesday in a decisive bipartisan vote on legislation negotiated by House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden, amid a last-minute push to stave off an anticipated financial collapse before a looming June 5 deadline. What We Don’t Know When the Democratic-controlled Senate will vote on the legislation, which it
Forbes
May 31 2023
News
Kevin McCarthy Tamps Down Debt Ceiling Rebellion
Speaker Kevin McCarthy (R-CA) tamped down Republican opposition ahead of Wednesday’s vote on the debt ceiling bill. Ahead of the pivotal decision on the deal struck by McCarthy and President Joe Biden, the House Republican Conference met to discuss members’ issues with the legislation, otherwise known as the Fiscal Responsibility Act. Some but not all members of the House Freedom Caucus have
Breitbart News