Kevin McCarthy's debt ceiling deal advances to key committee in first test of GOP support

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The debt ceiling agreement negotiated between House Speaker Kevin McCarthy and President Biden stands its first test before the House Rules Committee.

House Budget Committee member Rep. Chip Roy, R-Texas, criticizes the debt agreement on ‘Special Report,’ saying the U.S. is ‘barreling towards’ unlimited debt.

The committee will vote on sending the bill to the full House for a vote, expected to take place Wednesday. "I think it’s important to keep in mind the debt limit bill itself does not spend money, but it does enable past deficit spending and any new deficit spending in the appropriations bills that Congress will pass in September," Massie tweeted Monday, Challenged by a Twitter user to"[t[ell me like I'm 8 what you are trying to say," Massie added,"We’ll be taking out a second mortgage this week to pay off the credit cards, but it’s not until September that we’re actually...

Source: Loan Digest (loandigest.net)

 

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