that would ripple through the global economy, which is anchored by the U.S.
Successfully passing the bill will be a major test of McCarthy's leadership of the slim Republican majority. Democrats remain unified in opposing the GOP debt ceiling plan, which means McCarthy can lose no more than four votes from his party. However, he ultimately brokered several 11th hour deals with members of his conference in order to get the bill to a vote. Those compromises included restoring ethanol tax credits, which had been a sticking point for multiple Midwestern lawmakers who represent agricultural districts.
"I don't want to take all your anticipation away," he said, but later described himself as "very" confident.
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