Speaker Kevin McCarthy squeezed a debt ceiling increase out of reluctant House Republicans, but he will be hard-pressed to do it again when it counts.
Tag: National Debt (US)
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Biden Faces His First Big Choice on Debt Limit
After Republicans passed a bill that pairs spending cuts and fossil fuel support with raising the nation’s borrowing cap, the president must decide when and how to negotiate
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Fact-Checking the Kickoff to Biden’s Re-election Campaign
The president omitted key context when discussing the federal deficit, exaggerated his approval ratings and misstated his family history.
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House Republicans, Grasping for Votes, Alter Debt Limit Plan
After a late-night haggling session, it was still not clear whether Speaker Kevin McCarthy could pass his fiscal plan, which would tie a yearlong debt ceiling increase to spending cuts and policy changes.
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After a Hellish Start and a Honeymoon, McCarthy Faces His First Big Test
The Republican speaker has stuck to partisan bills that have kept his party united. That ends with a tough vote to raise the debt limit in exchange for spending cuts.