In an unexpected GOP roadblock Tuesday, Republicans voted against a rule that would enable a vote on protecting gas stoves from heavy regulations and bans, citing the recent McCarthy-Biden debt limit deal as their reason for the setback.Read More
The House Rules Committee on Tuesday evening advanced a bipartisan bill to raise the debt limit and avert a national default, paving the way for a floor debate in the lower chamber on Wednesday. The panel advanced the legislation by a 7 to 6 vote, with several Republicans objecting to its advancement. On Wednesday, lawmakers will debate the proposal on the floor. Conservative lawmakers such as Texas Rep. Chip Roy and South Carolina Rep. Ralph Norman had sought to block its advancement, but enough Democrats and Republicans on the committee overruled them.Read More
The U.S. government faces a significant risk of not being able to pay its bills in the coming weeks without an increase to the debt limit, the Congressional Budget Office said Friday.
The warning comes as Democrats and Republicans remain far apart on negotiations over the debit limit. The debt ceiling is the maximum amount of debt the U.S. Department of the Treasury can issue.Read More
The GOP-led House passed the Limit, Save, Grow Act of 2023 on Wednesday evening to increase the debt limit for one year by $1.5 trillion and reduce the growth of domestic spending. The bill passed 217-215 with four Republicans voting against it.Read More
President Biden would veto the House GOP’s Limit, Save, Grow Act of 2023 if it arrived at his desk, the White House Office of Management and Budget said Tuesday.
“The agency called the bill a “reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.”Read More
The House Freedom Caucus on Friday outlined the terms by which it might agree to vote for an increase to the debt limit amid a budgetary standoff between House Republicans and President Joe Biden with a looming deadline to avert an unprecedented default.
Announcing their plans in a press conference, the conservative bloc indicated they would support an increase in the debt limit after Congress enacted legislation both to cut current spending and cap future expenditures.Read More
Montana Republican Rep. Matt Rosendale told Just the News that an effort is underway to connect legislation the GOP-led House passed dealing with the Strategic Petroleum Reserve to a legislative package that raises the debt limit.
House Speaker Kevin McCarthy is locked in negotiations with the White House over a deal that increases the debt limit. He’s pushing for spending reductions in exchange for the GOP-led House voting to raise the debt ceiling.Read More