House to Vote on Debt Ceiling, Spending Cut Bill
House Speaker Kevin McCarthy’s Debt Limit Bill Expected to Pass House Vote
Republican lawmakers are confident that House Speaker Kevin McCarthy’s bill to increase the federal government’s borrowing limit and cut federal spending will pass the House in a vote later today. The bill aims to address the ongoing debt crisis and has been a point of contention between Democrats and Republicans. Fox News senior congressional correspondent Chad Pergram has the latest on the standoff between the two parties.
Senior Republicans Confident in McCarthy’s Bill
Senior Republican lawmakers emerged from their closed-door conference meeting Wednesday morning confident that McCarthy’s bill will pass. The bill is seen as a crucial step in addressing the country’s debt crisis and has been a hotly debated topic in recent weeks.
House GOP Pushes for Vote on Spending and Debt Bill Despite Opposition
House Speaker Kevin McCarthy is facing his biggest test yet as he tries to pass a bill on spending and debt today. However, with his razor-thin majority, he can only afford to lose four GOP votes at most. McCarthy has not confirmed whether he has the 218 votes needed to pass the bill.
Changes to the Bill
The bill has been tweaked overnight to address concerns from key Republican factions who were ready to oppose it. The changes include softening the repeal of biofuel tax credits and moving the activation of work requirements for federal benefits up from 2025 to 2024.
Republican Support
Some Republicans, such as Rep. Randy Feenstra and Rep. Derrick Van Orden, have expressed their support for the bill. However, others, like Reps. Nancy Mace and Tim Burchett, are still leaning against it.
Despite the opposition, McCarthy is showing leadership and listening to the conference. The vote is expected to take place today, and it remains to be seen whether the bill will pass.
House Leaders Confident Debt Ceiling Bill Will Pass Despite GOP Hesitance
Despite some hesitation from GOP members, House leaders are confident that the debt ceiling bill will pass. Rep. Nancy Mace, R-S.C., is still “leaning no” on the bill, but she is open to discussing the reforms and bylaws that leadership supports. Meanwhile, Rep. Tim Burchett, R-Tenn., is a hard “no” on the bill due to concerns about the country’s $32 trillion debt. However, he is willing to meet with party leaders to discuss “true debt reduction.” Despite these concerns, House leaders remain optimistic about the bill’s passage. Stay tuned for updates on this developing story.
Republicans Confident in Passing Debt Ceiling Bill Despite Holdouts
Despite some holdouts within the GOP, senior Republican lawmakers are confident that House Speaker Kevin McCarthy’s bill to increase the federal government’s borrowing limit and cut federal spending will pass the House in a vote later today. Rep. Matt Gaetz, R-Fla., did not reveal his voting plans but expressed his dissatisfaction with the bill’s rushed changes. House Majority Leader Steve Scalise, R-La., stated that they want President Biden to engage in the process. Although the bill is unlikely to pass the Democratically-held Senate, Republicans hope it will establish their position for future talks with Democrats.
What Republicans Hope to Achieve
- Pass the debt ceiling bill in the House
- Establish the GOP position for future talks with Democrats
President Biden has already threatened to veto the bill if it reaches his desk. Fox News Digital’s politics reporter, Elizabeth Elkind, reports on the latest developments in the debt crisis.
House GOP faces largest test as Speaker yet
The House GOP is facing a major challenge as Speaker Kevin McCarthy tries to pass a bill today. McCarthy has a slim majority and can only afford to lose four GOP votes. He did not confirm whether he has the necessary 218 votes to pass the bill.
House Rules Committee Chair Tom Cole, R-Okla., believes there will be a vote on the bill today after his panel led a six-hour hearing overnight to prepare the bill for the floor.
The GOP leaders made changes to the bill overnight to address concerns from key Republican factions who were ready to oppose it. The changes include softening the repeal of biofuel tax credits and moving the activation of work requirements for federal benefits up from 2025 to 2024. These changes were made to appease midwestern Republicans whose districts rely on ethanol production.
Biden threatens to veto House GOP plan to address debt limit
House Speaker Kevin McCarthy Pushes for Spending and Debt Bill Despite GOP Hesitance
House Speaker Kevin McCarthy, R-Calif., is hoping to pass a bill on spending and debt today even though some Republicans are still wary of the bill. (Anna Moneymaker/Getty Images)
Despite some hesitation from fellow Republicans, House Speaker Kevin McCarthy is determined to pass a bill on spending and debt today. Rep. Randy Feenstra, R-Iowa, and Rep. Derrick Van Orden, R-Wis., have already pledged their support for the bill, with Van Orden praising McCarthy’s leadership and willingness to listen to the conference.
- However, Reps. Nancy Mace, R-S.C., and Tim Burchett, R-Tenn., are still leaning against the legislation.
- Mace believes that this is an opportunity for the nation to show responsibility with spending and is looking for reforms and bylaws that leadership supports.
- Burchett, who was upset about GOP negotiators skipping a planned meeting with him, is a hard no on the bill and wants to see true debt reduction.
Despite the hesitance from some Republicans, House leaders remain confident that the bill will pass. Stay tuned for updates on this developing story.
Click here for more information on the debt ceiling bill and GOP hesitance.
JEAN-PIERRE BLAMES MCCARTHY FOR BIDEN DEBT CEILING STRATEGY
White House Press Secretary Karine Jean-Pierre has come out in defense of President Biden’s debt ceiling strategy, shifting the blame to House Minority Leader Kevin McCarthy. Despite criticism from Republicans, Jean-Pierre remains confident in the administration’s approach.
Rep. Tim Burchett, R-Tenn., is still a holdout on the GOP as of Wednesday. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
While some Republicans, like Rep. Matt Gaetz, R-Fla., have criticized the bill’s changes, House Majority Leader Steve Scalise, R-La., is ready to move forward with the GOP’s position. “We want President Biden to finally start getting engaged in this process,” Scalise said at a press conference.
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Although the bill is unlikely to pass the Senate and faces a veto threat from President Biden, Republicans hope it will set the stage for future negotiations with Democrats.