Biden and McCarthy’s debt ceiling deal now faces a battle to get through the House
Good morning.
Joe Biden and Kevin McCarthy’s debt ceiling agreement came after a month of stalemate and stalled negotiations on both sides. And it’s not out of the woods yet.
The deal now faces scrutiny from House members — amid reports of criticism from both sides.
Unveiled on Sunday, the agreement would raise the country’s $34.1tn borrowing limit and include caps on government spending and policy changes to federal aid programs.
The compromise still needs to pass the House and Senate before 5 June, when the US could default.
Far-right Republicans say they will vote against the deal. Some conservatives argued that the compromise would not go far enough to reduce spending or target Democratic legislation, such as Biden’s student loan forgiveness plan.
For now, amid the discontent, lawmakers say it is unlikely that party members will call on McCarthy to resign as House speaker.
Meanwhile, progressive lawmakers are also unhappy with the latest debt ceiling plan. Many criticized Biden for negotiating with Republicans under the threat of a default and including work requirements for federal aid in the deal.
Here’s what happened today:
12 p.m Members of the House Freedom Caucus will hold a news conference outside the Capitol.
3 pm The House Rules Committee meets to prepare the bill for debate.
6:30 in the evening Congress will vote on unrelated bills. It will give Democrat and Republican whips a first chance to count votes in person.
7:30 in the evening House Republican leaders will host a closed-door meeting.
Main events
Back from the Memorial Day holiday, the two parties are scheduled to have internal discussions about the latest debt ceiling deal.
Tomorrow, House Democrats will hold a closed-door meeting on the bill, which now includes some work requirements for federal aid.
Eligibility requirements for the Supplemental Nutrition Assistance Program (SNAP) will change under the deal, raising the age from 50 to 54 for people who must work at least 20 hours a week to qualify for it. food assistance benefits, reports ABC News.
Far-right Republicans will hold a press conference on the plan at 12:00 noon eastern time today, as many members say they will vote against the deal they argue is insufficient.
House Republicans will then hold their own closed-door meeting on the legislation at 7:30 p.m.
Biden and McCarthy’s debt ceiling deal now faces a battle to get through the House
Good morning.
Joe Biden and Kevin McCarthy’s debt ceiling agreement came after a month of stalemate and stalled negotiations on both sides. And it’s not out of the woods yet.
The deal now faces scrutiny from House members — amid reports of criticism from both sides.
Unveiled on Sunday, the agreement would raise the country’s $34.1tn borrowing limit and include caps on government spending and policy changes to federal aid programs.
The compromise still needs to pass the House and Senate before 5 June, when the US could default.
Far-right Republicans say they will vote against the deal. Some conservatives argued that the compromise would not go far enough to reduce spending or target Democratic legislation, such as Biden’s student loan forgiveness plan.
For now, amid the discontent, lawmakers say it is unlikely that party members will call on McCarthy to resign as House speaker.
Meanwhile, progressive lawmakers are also unhappy with the latest debt ceiling plan. Many criticized Biden for negotiating with Republicans under the threat of a default and including work requirements for federal aid in the deal.
Here’s what happened today:
12 p.m Members of the House Freedom Caucus will hold a news conference outside the Capitol.
3 pm The House Rules Committee meets to prepare the bill for debate.
6:30 in the evening Congress will vote on unrelated bills. It will give Democrat and Republican whips a first chance to count votes in person.
7:30 in the evening House Republican leaders will host a closed-door meeting.
