The House Rules Committee meets Tuesday to go over the bill before a potential full House vote Wednesday.
President Joe Biden and House Speaker Kevin McCarthy are attempting to marshal support for the Fiscal Responsibility Act, which will raise the debt ceiling and cut spending.
President Biden and House Speaker McCarthy reached a deal to raise the debt limit over the weekend, but lawmakers on both sides of the aisle are taking issue with the legislation, so it's hardly a done deal. Nevertheless, President Biden is confident a deal will be reached by June 5."Look, you know, I never say I'm confident what the Congress is going to do, but I feel very good about it. I've spoken to a number of the members.
But McCarthy acknowledges that the compromise with the president"doesn't get everything everybody wanted," as he will have to rely on an equally divided House.
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