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The House’s passage of a debt limit deal Wednesday night marks the end of a pivotal chapter for the new House GOP majority, putting Congress on a path to avoid a default and securing a huge victory for Speaker Kevin McCarthy (R-Calif.) — even as it’s infuriated conservatives in his own conference. The vote followed…
In late March, the prospects of President Biden and Speaker Kevin McCarthy (R-Calif.) coming together for a deal to raise the debt ceiling that both men found palatable looked dim. Biden on March 28 flatly rejected a call from McCarthy for a meeting, instead urging the top House Republican to release a budget proposal before…
The House on Wednesday night passed a bipartisan bill to suspend the debt ceiling, overcoming vocal opposition from conservative and liberal lawmakers and bringing the country one step closer to avoiding an economy-rattling default ahead of next week’s deadline. The legislation — which was crafted through negotiations between President Biden, Speaker Kevin McCarthy (R-Calif.) and their…
CLARIFICATION: Paul’s office says that under his spending plan, Social Security will be exempt from cuts. Conservative Sen. Rand Paul (R-Ky.) says he will force the Senate to vote this week on cutting total federal spending by 5 percent in each of the next two years, a proposal that could put popular programs such as Medicare, Medicaid…
Senate Republican Leader Mitch McConnell (Ky.) says he hopes the Senate will pass legislation to raise the debt limit Thursday or Friday, as conservative Republican senators now say they won’t hold the bill up as long as they get to vote on amendments. The strong support among House Republicans for the deal negotiated between President…
House Democratic leaders warned Wednesday that it will be up to Republicans to pass the rule governing the debt ceiling increase, pushing the burden onto Speaker Kevin McCarthy (R-Calif.) to rally enough Republican support on the procedural measure allowing a final vote on legislation to prevent a default. “In regards to the rule, it’s very…
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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 After…
Senate Republican Leader Mitch McConnell (Ky.) faces the challenging task of having to help steer crucial legislation to raise the debt ceiling past Senate conservatives who are calling for amendments to the bill and threatening to delay it for days on end. The bill is expected to get more than 40 Senate Democratic votes,…