House Speaker Kevin McCarthy (R-CA) and President Joe Biden's deal in principle to avert a debt default raises the debt ceiling for two years, rolls back non-defense discretionary spending to Fiscal Year 2022 levels, and caps top-line federal spending to one-percent annual growth over the next six…
House Speaker Kevin McCarthy and President Joe Biden's deal in principle to avert a debt default raises the debt ceiling for two years, rolls back non-defense discretionary spending to Fiscal Year 2022 levels, and caps top-line federal spending to one-percent annual growth over the next six years.
Despite pushback on social media by some members of the conservative House Freedom Caucus, Rep. Dusty Johnson told reporters as he left the Capitol that he believes a majority of Republicans will vote for the bill when it gets to the House floor. As he left the Capitol, McCarthy told CNN that he thought the conference call with GOP House Members went “really well” and they will be working through the night to get the language finalized. He said the bill would likely be about 150 pages, and he plans to talk to Biden tomorrow while their teams work on the text.
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