It's not clear whether Speaker McCarthy's bill would garner enough Republican support to pass the House.
House Speaker Kevin McCarthy, R-Calif., introduced his proposal for a temporary debt ceiling increase.It's not clear whether McCarthy has votes within the GOP caucus to pass the bill.
The cuts would be in exchange for a one-year debt ceiling increase. McCarthy called on Biden and Senate Majority Leader Chuck Schumer, D-N.Y., to "sit down, negotiate and address this crisis" but he did not mention whether the bill has enough support to pass. Biden has refused to negotiate over the debt limit. Extraordinary measures to avoid the first-ever U.S. sovereign debt default are on track to run out this summer.
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Speaker McCarthy, House Republicans move to put Biden on defense in debt-limit fightSpeaker Kevin McCarthy is putting President Biden and Senate Democrats on the spot in the ongoing debt limit standoff by teeing up legislation that would curtail spending in exchange for raising the cap on how much the federal government can borrow to meet expenses.
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Speaker McCarthy, House Republicans move to put Biden on defense in debt limit standoffHouse Speaker Kevin McCarthy is putting President Biden and Senate Democrats on the spot in the ongoing debt limit standoff by teeing up legislation that would curtail spending in exchange for raising the cap on how much the federal government can borrow to meet expenses.
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Americans struggle with 24 straight months of effective pay cuts under BidenHouse Speaker Kevin McCarthy argued that President Biden’s policies have fueled the alarming trend.
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McCarthy to become 2nd House speaker to address Israeli KnessetHouse Speaker Kevin McCarthy (R-Calif.) is expected to give a speech in front of a full session of the Israeli Knesset on May 1.
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Speaker McCarthy vows to pass debt bill -- with spending capThe White House said ahead of McCarthy's address that “a speech isn't a plan,' dismissing his overture and reupping pressure on the Republican leader to approve a debt ceiling increase with no strings attached.
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Budget politics heat up as Speaker Kevin McCarthy visits Wall StreetHouse Speaker Kevin McCarthy pledged to pass legislation to raise the debt ceiling — and listed his demands. Democrats stressed that despite the speech at the New York Stock Exchange, House Republicans still haven't proposed an actual budget plan.
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