Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for support

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 59%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Hard right conservatives are criticizing the deal as falling short of deep spending cuts, while liberals decry policy changes such as new work requirements for older Americans in the food aid program. Crucial days ahead as debt ceiling deal goes for vote:

A key test will come Tuesday afternoon when the House Rules Committee is scheduled to consider the package and vote on sending it to the full House for a vote expected Wednesday.

Wall Street will open early Tuesday morning delivering its own assessment, as the U.S. financial markets that had been closed whenMcCarthy acknowledged the hard-fought compromise with Biden will not be “100% of what everybody wants” as he leads a slim House majority powered by hard-right conservatives.will have to rely on upwards of half the House Democrats and half the House Republicans to push the debt ceiling package to passage.

Questions are also being raised about an unexpected provision that essentially gives congressional approval to the Mountain Valley Pipeline, a natural gas project important to Sen. Joe Manchin, D-W.Va., that many Democrats and others oppose. The House Rules Committee has three members from the influential Freedom Caucus who may very well try to block the package from advancing, forcing McCarthy to rely on the Democrats on the panel to ensure the bill can be sent to the House floor.

Some senators are insisting on amendments to reshape the package from both the left and right flanks. That could require time-consuming debates that delay final approval of the deal.

 

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:

 /  🏆 380. 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.

Biden and McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in HouseCongress has just a few days to pass a debt-ceiling bill before the June 5 deadline, but the measure could run into procedural obstacles
Source: WSJ - 🏆 98. / 63 Read more »

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for supportPresident Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy
Source: WOKVNews - 🏆 247. / 63 Read more »

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for supportPresident Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy.
Source: ksatnews - 🏆 442. / 53 Read more »

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for supportThe White House and congressional leaders are working to ensure passage in time to lift the nation’s borrowing limit and prevent a U.S. default.
Source: wsfa12news - 🏆 338. / 59 Read more »

Debt ceiling: Crucial days ahead as deal goes for vote, Biden calls lawmakers for supportThe White House and congressional leaders are working to ensure passage in time to lift the nation’s borrowing limit and prevent a U.S. default.
Source: fox32news - 🏆 547. / 51 Read more »

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for supportThe White House and congressional leaders are working to ensure passage in time to lift the nation’s borrowing limit and prevent a U.S. default.
Source: cleveland19news - 🏆 70. / 68 Read more »