The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage before a June 5 default deadline. Biden and McCarthy spent much of the Memorial Day holiday lobbying members of their respective parties to build enough support ahead of a House vote expected Wednesday.
He and Ralph Norman, another Republican on the panel, already oppose the bill so they need just one more defector. Spokespeople for McCarthy did not respond to requests for comment. ‘No’ votes Across the full House, are at least 10 GOP “no” votes. Representative Tom Emmer, Republican’s chief vote counter, worked the phones over the weekend to prevent that number from swelling much beyond that.
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What’s in the debt ceiling deal struck by Biden and McCarthy?US President Joe Biden and Republican House Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend the debt ceiling and cap some federal spending to prevent a US debt default.
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