[ad_1] Several of the GOP holdouts with ethanol concerns signaled overnight they would flip their votes to yes given the changes, according to two people familiar with the discussions. “Midwestern members made some good progress tonight,” one of the members involved in the talks said, speaking on condition of anonymity.Continue Reading
[ad_1] “This week, we will pass” the debt bill, McCarthy declared to reporters after a full day of meetings. “We’re done negotiating,” added Rep. Mike Johnson (R-La.), a member of GOP leadership, while projecting confidence that “the whole Republican conference is going to get on board.” The GOP plan, whichContinue Reading
[ad_1] Still, the speaker can only lose four Republicans and still pass his debt limit legislation. Most House Republicans are on board, but McCarthy’s leadership team remains short of the 218 votes it needs for passage. Conversations continued over the weekend to try and bring stragglers into the “yes” camp.Continue Reading
[ad_1] How Wall Street investors react to a possible default is crucial because they’re the ones who finance the country’s enormous debt by buying the securities that Treasury sells to fund the government. If they shy away from the market, interest rates could skyrocket, squeezing the government, businesses and consumers.Continue Reading
[ad_1] Republicans, led by House Speaker Kevin McCarthy, can point to polls showing only tepid backing for raising the debt ceiling and preference for spending cuts over tax increases to bring down the budget deficit. On President Joe Biden and the Democrats’ side: overwhelming support for lifting the cap onceContinue Reading
[ad_1] The endgame is still hard to see, weeks or even months away depending on how quickly the nation approaches default. But the political battle entered a new phase this week when McCarthy finally put forth a legislative proposal in his speech Monday, laying out the spending cuts Republicans wantedContinue Reading
[ad_1] Greene is far from alone among Republicans cheering clean energy investments created by Democratic policies they all snubbed. And that’s creating some awkward dynamics for GOP lawmakers who are seeking to wipe out Biden’s clean-energy spending plans as part of any deal to avert a U.S. debt default. TheContinue Reading
[ad_1] Most House Republicans insist publicly that they’re paying no attention to the simmering mistrust between McCarthy and Scalise. But privately, many are watching the duo’s dynamic strain under the stress of the debt-limit fight. That’s true even as McCarthy mends fences with the budget chief he’d previously sidelined, ScaliseContinue Reading
[ad_1] “They’ve got to do it soon,” Rep. Debbie Dingell (D-Mich.), a close White House ally, said of a Biden-McCarthy sitdown, adding that while she believes there will ultimately be a clean debt-ceiling increase, the administration “can’t keep waiting.” Democratic lawmakers have already pressed that point in private, according toContinue Reading
[ad_1] Part of the discussion is on changing work requirement language currently included in the House GOP bill, amid a push by conservatives. [ad_2] #House #Republicans #mulling #debt #ceiling #plan #lock #support ( With inputs from : www.politico.com )Continue Reading