.SpeakerMcCarthy knows he has to walk a fine line to keep his caucus together. He inched his debt ceiling plan over the line, losing four GOP votes in the process. But across the aisle, Democrats struggle to form their own united front to counter him.
The opposition party, led by President Joe Biden, has been calling for the debt ceiling to be raised without stipulations, and the GOP's demands appear to be baffling the Democrats.McCarthy, Biden, and other top congressional leaders from both parties are set to meet at the White House on May 9 to discuss raising the debt ceiling. This comes after House Republicans passed a bill that authorizes the debt ceiling to be raised by $1.5 trillion or through March 31, 2024, whichever comes first.
While Democrats have set themselves lofty goals of using the budget to revolutionize the country, ushering in "transformative" policies, McCarthy is concerned about the incremental victories he said he would deliver. Aides and lawmakers on the hill were reportedly caught off guard by the bill passing in the House, with many expecting the bill to go down in defeat in the lower chamber.
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