In an unexpected GOP roadblock Tuesday, Republicans voted against a rule that would enable a vote on protecting gas stoves from heavy regulations and bans, citing the recent McCarthy-Biden debt limit deal as their reason for the setback.
Read the full story
The House Rules Committee on Tuesday evening advanced a bipartisan bill to raise the debt limit and avert a national default, paving the way for a floor debate in the lower chamber on Wednesday. The panel advanced the legislation by a 7 to 6 vote, with several Republicans objecting to its advancement. On Wednesday, lawmakers will debate the proposal on the floor. Conservative lawmakers such as Texas Rep. Chip Roy and South Carolina Rep. Ralph Norman had sought to block its advancement, but enough Democrats and Republicans on the committee overruled them.
Read the full story
The U.S. government faces a significant risk of not being able to pay its bills in the coming weeks without an increase to the debt limit, the Congressional Budget Office said Friday.
The warning comes as Democrats and Republicans remain far apart on negotiations over the debit limit. The debt ceiling is the maximum amount of debt the U.S. Department of the Treasury can issue.
Read the full story
The U.S. House of Representatives passed the Limit, Save, Grow Act of 2023 on Wednesday, which would increase the debt limit for one year by $1.5 trillion and reduce the growth of domestic spending. The vote was 217-215.
Read the full story
The GOP-led House passed the Limit, Save, Grow Act of 2023Â on Wednesday evening to increase the debt limit for one year by $1.5 trillion and reduce the growth of domestic spending. The bill passed 217-215 with four Republicans voting against it.
Read the full story
President Biden would veto the House GOP’s Limit, Save, Grow Act of 2023 if it arrived at his desk, the White House Office of Management and Budget said Tuesday.
“The agency called the bill a “reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.”
Read the full story
The House Freedom Caucus on Friday outlined the terms by which it might agree to vote for an increase to the debt limit amid a budgetary standoff between House Republicans and President Joe Biden with a looming deadline to avert an unprecedented default.
Announcing their plans in a press conference, the conservative bloc indicated they would support an increase in the debt limit after Congress enacted legislation both to cut current spending and cap future expenditures.
Read the full story
Montana Republican Rep. Matt Rosendale told Just the News that an effort is underway to connect legislation the GOP-led House passed dealing with the Strategic Petroleum Reserve to a legislative package that raises the debt limit.
House Speaker Kevin McCarthy is locked in negotiations with the White House over a deal that increases the debt limit. He’s pushing for spending reductions in exchange for the GOP-led House voting to raise the debt ceiling.
Read the full story
Having received an appointment to the U.S. Senate Finance Committee this week, Senator Marsha Blackburn (R-TN) is poised to play a major role in this year’s fight over raising the debt ceiling.Â
Earlier this week, Blackburn joined her Utah Republican colleague Mike Lee in penning a letter, signed by 22 of their fellow senators, insisting a rise in the federal debt limit must only happen as part of a deal to pare back government spending. In an interview with The Tennessee Star, Blackburn explained her view that fiscal circumstances demand such an agreement so debt does not snowball into an even more unmanageable burden on American families.Â
Read the full story