Now comes the hard part: Getting the debt ceiling deal through Congress

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 87%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

While House Speaker Kevin McCarthy and President Joe Biden have reached a deal on the debt ceiling, there is negotiation to come as the bill advances through Congress.

There have been multiple press calls, a few news conferences by the speaker outside his office, conference calls with lawmakers and remarks from Mr. Biden. But until everyone really huddles, the vote count is unclear. Especially after a whirlwind weekend of behind the scenes political intrigue and negotiations.

Senate Minority Leader Mitch McConnell, a Republican from Kentucky, leaves a news conference following the weekly Republican caucus luncheon at the US Capitol in Washington, DC, US, on Wednesday, Sept. 28, 2022. The Senate voted Tuesday to advance a stop-gap funding bill to keep the government running after a bid to include a controversial energy permitting bill was dropped.

This is why the stakes for miscalculation are high. Both sides will expect the other side to provide a certain number of votes.McCarthy has significantly added to his political capital and bolstered his bona fides with Republican House members since the rocky vote for Speaker in January. So, this conversation may be a little different if the vote were coming say, back in late January or February. Therefore,able to deliver a sizable chunk of votes from his conference.

U.S. President George W. Bush, reacts, after shoes were thrown at him, by a correspondent, during a joint press conference with Iraq Prime Minister Nouri al-Maliki, not seen, in Baghdad, Iraq, Dec. 14, 2008.The original version of TARP was failing on the House floor. And the market cratered in synchronicity with the House vote. The Dow finally lost what was then a single-day record, down 777 points.

McCarthy namechecked Massie Sunday as he touted a provision to hold the line on appropriations bills pushed by Massie as an item in the legislation. In other words, if Massie scored his idea in the legislation, how could he oppose it?Norman called the bill"idiotic." Roy characterized the legislation with less than salivating language.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Debt ceiling deal's next steps — getting it through CongressNow that President Biden and House Speaker Kevin McCarthy have reached an agreement to suspend the debt ceiling, the White House and congressional leaders must convince enough lawmakers in the narrowly divided House and Senate to pass the legislation.
Source: CBSNews - 🏆 87. / 68 Read more »

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous defaultPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis
Source: WOKVNews - 🏆 247. / 63 Read more »

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous defaultPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis.
Source: ksatnews - 🏆 442. / 53 Read more »

Debt ceiling 2023: Biden, GOP reach deal; now Congress must approve it to prevent calamitous defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an 'agreement in principle' to raise the nation's legal debt ceiling.
Source: abc13houston - 🏆 255. / 63 Read more »

Debt ceiling 2023: Biden, GOP reach deal; now Congress must approve it to prevent calamitous defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an 'agreement in principle' to raise the nation's legal debt ceiling.
Source: ABC7NY - 🏆 592. / 51 Read more »

Debt ceiling 2023: Biden, GOP reach deal; now Congress must approve it to prevent calamitous defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an 'agreement in principle' to raise the nation's legal debt ceiling.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »