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House Republican leaders are charging ahead with plans to vote on their debt ceiling package as soon as Wednesday, even though it is far from clear whether they have the votes to pass it. The strategy sets up a potential game of high-stakes chicken between Speaker Kevin McCarthy (R-Calif.) and a number of holdouts in…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter President…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Kevin…
House Republicans could be setting up another fight over the debt limit — this time, just months before the 2024 presidential election. A sweeping, 320-page bill they unveiled this week would raise the debt ceiling, which caps how much money the Treasury can borrow to pay the country’s bills, through the end of next March…
House Republican conservatives and moderates alike are grumbling about the newly unveiled debt limit bill, leaving GOP leaders — who have just four votes to spare in the slim majority — rushing to shore up support as the House left Washington on Thursday for the long weekend. The bill released Wednesday — which pairs a $1.5…
A bipartisan group of House centrists is floating a fallback plan to prevent a government default later in the year as the debt ceiling battle between President Biden and Speaker Kevin McCarthy (R-Calif.) has yielded no breakthroughs. The Problem Solvers Caucus, a group of 64 moderate lawmakers split evenly between the parties, has been quietly…
Editor’s note: President Biden has said he refuses to meet with Speaker Kevin McCarthy (R-Calif.) for debt limit negotiations until Republicans release a 10-year budget proposal. A previous version of this story contained incorrect information. Speaker Kevin McCarthy (R-Calif.) on Tuesday laid out his opening salvo for a go-it-alone debt limit increase bill he hopes…
Speaker Kevin McCarthy (R-Calif.) on Monday took his case for spending cuts to Wall Street, going after President Biden and detailing the House Republican Conference’s plan to move forward with its own measure “in the coming weeks” to stave off a national default. “In the coming weeks, the House will vote on a bill to…
Former Vice President Mike Pence on Friday took aim at former President Donald Trump and other potential GOP presidential candidates as he laid out his vision for 2024 to Republican donors. Pence, in remarks at the Republican National Committee’s (RNC) spring donor retreat in Nashville, Tenn., argued that the party could not afford to remain…
The banking system is showing signs of stabilizing after the collapses of Silicon Valley Bank (SVB) and Signature Bank, but the looming battle to stave off a national default could complicate that rebound. Congress has anywhere between June and the start of fall to raise the debt limit, which caps how much money the Treasury…