Congress appears on track to pass legislation to increase the federal borrowing limit and avoid a potentially calamitous default on the nation’s debt — but the clock is ticking for both chambers to get the deal to President Joe Biden’s desk for signature before June 5, when the government’s current borrowing authority is set to run out.and Biden, will face its first test on Tuesday at the House Rules Committee as leaders aim for passage on the floor Wednesday.
But unlike past Rules Committees, McCarthy’s is populated by arch-conservatives who may yet throw up road blocks to the speaker’s negotiated debt plan., both hard-line conservatives from the House Freedom Caucus, have already pledged to vote against the bill, while Rep., a libertarian and far from a leadership ally on the Rules Committee, has yet to say how he’ll vote.
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