Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.
The House Rules Committee vote advanced a bill dealing with the federal debt ceiling to the full House by a count of 7-6.Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.
With few lawmakers expected to be fully satisfied, Biden and McCarthy are counting on pulling majority support from the political center, a rarity in divided Washington, to prevent a federal default. Some 218 votes are needed for passage in the 435-member House. Late in the day, the nonpartisan Congressional Budget Office said the spending restrictions in the package would reduce deficits by $1.5 trillion over the decade, a top goal for the Republicans trying to curb the debt load.
"It is my expectation that House Republicans would keep their promise and deliver at least 150 votes as it relates to an agreement that they themselves negotiated," Jeffries said. "Democrats will make sure that the country does not default.""This deal fails, fails completely, and that's why these members and others will be absolutely opposed to the deal," Rep. Scott Perry, R-Pa., the chairman of the Freedom Caucus, said, flanked by others outside the Capitol.
Rep. Pramila Jayapal, D-Wash., chair of the Congressional Progressive Caucus, said she appreciated that Biden was able to minimize the "extreme demands" Republicans made on spending, but she raised serious concerns about the food stamps and other environmental policy changes.Wall Street was taking a wait-and-see approach. Stock prices were mixed in Tuesday's trading. U.S. markets had been closed when the deal was struck over the weekend.
The top Democrat on the House Natural Resources Committee, Rep. Raul Grijalva of Arizona, said including the pipeline provision was "disturbing and profoundly disappointing."The House aims to vote Wednesday and send the bill to the Senate, where Democratic Majority Leader Chuck Schumer and Senate Republican leader McConnell are working for passage by week's end.
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