Top congressional Republican Kevin McCarthy says he is making 'progress' in negotiations with Democratic President Joe Biden on raising the federal government's debt ceiling
Republicans have rejected Biden's proposed tax increases, and neither side has shown a willingness to take on the fast-growing health and retirement programs that will drive up debt sharply in the coming years / Photo: Reuters Archive
And any deal in principle between Biden and McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress. Progressive Democrats have also threatened to withhold support for some of the compromises raised, particularly around imposing new work requirements on federal anti-poverty programs.Republicans control the House by a 222-213 margin, while Democrats hold a 51-49 Senate majority, leaving a narrow path to pass any agreement by the Democratic president and Republican speaker into law.
McCarthy said Republicans were also still pushing for reforms to energy permitting, including making it easier to drill for gas and oil.
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