Biden spent part of the Memorial Day holiday working the phones, calling lawmakers in both parties.
Wall Street re-opening Tuesday wasn’t quite sure. Stock prices were mixed at midday. U.S. markets 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 as unhelpful in fighting climate change. But the top Democrat on the House Natural Resources committee Rep. Raul Grijalva of Arizona said including the pipeline provision was “disturbing and profoundly disappointing.”
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.
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