The Republican-controlled House has planted the seeds for a debt-ceiling showdown, with Speaker McCarthy endorsing a push by his hard-liners to demand spending cuts.
Conservative lawmakers say that as part of their negotiations to allow McCarthy the speakership, it secured assurances to include major spending cuts to balance the federal budget in any debt limit increase. And to enforce that, they’ve secured other rule changes thatBut Democrats, who control the Senate and the White House, are unlikely to accept those cuts.
Rep. Ralph Norman, R-S.C., talks to reporters on his way to a closed-door GOP caucus meeting at the U.S. Capitol on Tuesday.Rep. Chip Roy, R-Texas, said he wants to cut federal spending to fiscal year 2022 levels and balance the budget over 10 years. That's a tall order: Balancing the budget in a decade would require massive spending cuts or tax hikes that lack support in Congress.
Legislative action requires GOP cooperation. Republicans control the House, meaning McCarthy gets to decide what bills get a vote on the floor. In the Senate, Democrats have a 51-seat majority, but most legislation requires 60 votes to break a filibuster. Fitzpatrick said he’s already discussing options with Rep. Josh Gottheimer, D-N.J., the PSC’s Democratic co-chair, about how to raise the debt ceiling.
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