Mr. Bishop, North Carolina Republican, said forcing a vote on Mr. McCarthy’s speakership was on the table if the debt-limit deal was pushed through the House.Mr. Bishop did not commit to offering a motion himself to remove Mr. McCarthy. Instead, he said the decision would be made in “conjunction with others.”
“The Republican conference right now has been torn asunder,” said Rep. Chip Roy, Texas Republican. “No matter what happens, there’s going to be a reckoning about what just occurred, unless we stop this bill by tomorrow.”The debt-limit deal would allow the U.S. government to keep borrowing above the authorized $31.4 trillion debt limit until Jan. 1, 2025, which was a win for Mr. Biden, who didn’t want to have another showdown over government borrowing before the 2024 presidential election.
The debt deal also keeps domestic spending flat for the upcoming fiscal year. Defense spending is set to grow by more than $26 billion. House Republicans initially sought a $130 billion cut to non-defense spending this year and a decade’s worth of spending caps. They also wanted to cancel Mr. Biden’s student-loan forgiveness program and rescind more than $200 billion in green energy tax credits that Democrats passed last year.“The agreement protects my and congressional Democrats’ key priorities and legislative accomplishments,” Mr. Biden said.
Source: Loan Digest (loandigest.net)
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