Ultimately it passed 217-215, without a single vote to spare. McCarthy struggled in recent days to secure enough support within his party to pass the bill. The president must come to the table to negotiate.” “Today’s vote also sends a clear message to President Biden - continuing to ignore the problem is not an option. “Our conference came together to pass the only plan in Washington that will tackle the debt ceiling, stop excessive federal spending and inflation, and put our country back on track for sustained economic growth,” the lawmakers said. In a joint statement, McCarthy, as well as Majority Leader Steve Scalise, La., Majority Whip Tom Emmer, Minn., Conference Chairwoman Elise Stefanik, N.Y., and Budget Committee Chairman Jodey Arrington, Texas, said the House GOP “delivered a plan that will address the country’s debt crisis.”
With no chance of becoming law, House Republicans argued their bill will force Biden to negotiate with them.
If it were to be enacted, the House GOP package would raise the nation’s $31.4 trillion debt limit by an additional $1.5 trillion, but also implement spending cuts and policy changes sought by Republicans.īut President Joe Biden and Democrats argue the debt limit should be raised in a “clean” bill with no strings attached so the United States does not risk defaulting on its debt in the coming months. The nation could hit its current borrowing limit as soon as this summer. The debt ceiling is a limit on the total amount of money that the federal government is authorized to borrow in order to fulfill its financial obligations. WASHINGTON (OSV News) - House Republicans on April 26 voted to pass House Speaker Kevin McCarthy’s legislation to raise the debt ceiling through 2024 and cut government spending, but the bill is seen as dead on arrival in the Democratically-controlled Senate and is opposed by the White House.
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