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Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next
Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next
The bipartisan agreement to raise the debt limit cleared a key hurdle on Tuesday evening despite vehement criticism from many House Republicans. The House Rules Committee voted 7-6 to advance the legislation that codifies the bipartisan agreement struck between House Speaker Kevin McCarthy’s team and negotiators from President Joe Biden’s administration. The rule will now go to the full House floor before the agreement comes to a full House vote. The rule passed after an hours-long deliberation in the committee that included multiple amendment proposals. The vote comes as Treasury Secretary Janet Yellen has warned that the United States will be unable to satisfy its debt obligations come 5 June. The House of Representatives is set to vote But many House Republicans raised objections, including members of the House Freedom Caucus who had previously opposed Mr McCarthy’s bid for speaker in January. Rep Andy Biggs (R - AZ) told The Independent that Mr McCarthy’s deal with the White House was a repeat of his past behaviour. “When he was been in leadership for 13 years, it was not uncommon for him to be the point man to go negotiate a spending cap deal with the Democrats,” he said. Many Republicans criticised the fact that the legislation keeps in place Mr Biden’s student loan forgiveness, only claws back a small sliver of money meant to increase funding for the Internal Revenue Service and raises the debt limit until January 2025, after the 2024 presidential election. Rep Bob Good (R - VA) told The Independent that the bill symbolised a surrender from House Republican leadership. “We have literally come together and our leadership and their leadership and agreed on a Democrat bill,” Mr Good told The Independent. But many allies of Mr McCarthy also opposed the legislation. Rep Nancy Mace (R - SC), who voted for Mr McCarthy for speaker in January, announced her opposition to the bill. “Washington is, was and always will be lousy at responsibly spending your tax dollars,” she tweeted. “That won’t change unless we demand change.” Rep Chip Roy (R - TX) refuted the idea that conservatives would want the United States to default on its debt obligations. “The only person who would default in this town is Joe Biden unless Republicans default on the American dream by voting for this bad bill,” he said at a press conference. “That is why this group will oppose it, we will continue to fight it, today, tomorrow, and no matter what happens, there’s going to be a reckoning about what just occurred.” Mr Roy had tweeted on Monday that during the negotiations for the speakership, Republican leaders pledged that nothing would pass the Rules Committee without at least seven Republican votes and the committee would not allow for reporting out rules without unanimous Republican votes. During the negotiations, Mr Roy tried to stress his opposition and said why Republicans should oppose the bill. “We're not going to reduce spending through this deal. Unless we actually stand up and reduce spending it'll be on us to choose to,” he said during the hearing. “But this deal isn't going to reduce spending even though everybody's going around saying it will.” But some Republicans stressed that the agreement was the only one that could pass the House and Senate and end up on the president’s desk. “We only control one-half of one-third of government,” Rep Erin Houchin (R - IN) said. “There’s no better deal to be had.” Mr McCarthy expressed confidence in a press conference that he would have enough votes to raise the debt limit. “I’m not sure what in the bill people are concerned about,” he told reporters, saying it is the largest savings in congressional history. “We’re pulling money back for the hard-working taxpayers that are going to China. Are they opposed to work requirements for welfare?” On the Senate side, both Republican and Democratic leaders praised the agreement. “Congress will vote on legislation that locks in that important progress,” Senate Minority Leader Mitch McConnell (R - KY) said in remarks on the Senate floor. “Republicans have a tremendous opportunity to take on an existential challenge facing our economy and future generations of Americans. We have a chance to start bringing Washington Democrats’ reckless spending to heel.” Senate Majority Leader Chuck Schumer said the bill was a reasonable compromise. “Of course, nobody is getting everything they want – there is give on both sides – but this agreement is the responsible, prudent and very necessary way forward,” he said on the Senate floor. Mr Schumer said he would bring the bill up as quickly as possible for consideration before the default deadline on 5 June. Read More Biden ‘optimistic’ about McCarthy negotiations as AOC slams ‘dysfunctional’ debt ceiling system Debt ceiling deal reached between Biden and McCarthy Conservatives bark after the debt limit deal. Will they actually bite McCarthy? GOP chairman moves to hold FBI director Wray in contempt over Biden doc Utah Republican Chris Stewart planning to resign from Congress, AP source says Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
2023-05-31 09:21
Julius Baer shares slide another 5% on Signa worries
Julius Baer shares slide another 5% on Signa worries
ZURICH Wealth manager Julius Baer's shares slumped another 5% on Tuesday, bringing its total decline since the start
2023-11-28 23:47
'The pain was so bad': 'Today' host Dylan Dreyer left teary-eyed after opening up about oldest son's celiac disease
'The pain was so bad': 'Today' host Dylan Dreyer left teary-eyed after opening up about oldest son's celiac disease
Dylan Dreyer opened up about her eldest son Calvin’s celiac disease diagnosis and how he’s been dealing with excruciating pain on '3rd Hour of Today'
2023-05-25 12:48
Mohamed Al-Fayed: Former Harrods owner, whose son died in car crash with Princess Diana, dead at 94
Mohamed Al-Fayed: Former Harrods owner, whose son died in car crash with Princess Diana, dead at 94
Mohamed Al-Fayed is buried at Barrow Green Court, his 17th-century country estate located in Oxted, Surrey
2023-09-02 20:55
Is Stacy Synder dating 'MAFS' star Ryan Ignasiak? Rumors fly as 'Love is Blind' Season 5 fans notice flirty comments
Is Stacy Synder dating 'MAFS' star Ryan Ignasiak? Rumors fly as 'Love is Blind' Season 5 fans notice flirty comments
'Love is Blind' Season 5 stars Stacy Synder and Izzy Zapata kissed each other after the show
2023-10-16 14:29
Niger's ousted president Bazoum detained in secret location - lawyers
Niger's ousted president Bazoum detained in secret location - lawyers
DAKAR Niger's ousted President Mohamed Bazoum is being held in a secret location by the junta that seized
2023-10-20 23:55
Newcastle show the value of a gameplan as Chelsea go back to square one
Newcastle show the value of a gameplan as Chelsea go back to square one
Well that Chelsea renaissance did not last long. Losing at St James’ Park, especially since the Saudi money rolled in, is nothing to be ashamed of, but Newcastle United did not earn victory against Chelsea through any blistering display, roared on by 50,000 blood-hungry Geordies – Mauricio Pochettino’s team lost this encounter of their own accord. They had done all the hard work in battling back from a goal down to turn the tide in their favour. At the start of the second half, there really only looked likely to be one winner. Raheem Sterling had hit top form and was head and shoulders above everyone on the pitch, Enzo Fernandez was controlling the ebb and flow on his terms, while Thiago Silva cruised around in his effervescent manner at the back. Two very early Christmas presents – Newcastle’s game-clinching third particularly gifted by Silva – in 90 second-half seconds reminded everyone just how far this Chelsea team still have to go. Four goals conceded and a man sent off, in a game that was so evenly poised – the inquiry into capitulations like this will take some time and will provide Pochettino with arguably his biggest challenge yet. One look at the benches ahead of kick-off should have given every indication as to which way the result was going to go. While Chelsea could boast £300m worth of talent in reserve, with international superstars galore in the dugout, Newcastle had to name three goalkeepers and four academy players on the sidelines, Matt Ritchie being the most recognisable name, and he has not started a league match all season. The home side’s first 11, however, had a much more formidable look to them. Several of the big-money signings since the takeover at St James’ have certainly made a real impact in their short time at the club, but the one with the real standout star quality, when fit, remains Alexander Isak. He just has that natural, God-given talent that mere mortals can only envy. His fitness problems deprived him of a move to a European giant before Newcastle took the risk on him last summer – a move that has paid off handsomely, even with the Swede’s injuries persisting. The finish, his seventh goal in seven league starts, that edged the hosts in front belied a player who had not seen any match action in a month. The pass from Lewis Miley, a 17-year-old thrown in at the deep end given the Newcastle injury situation, was sublime in the extreme. Yet, after Sterling had found the net for the third time in four games from a free-kick 23 minutes in, Chelsea assumed control. Conor Gallagher should have scored after a mistake from Nick Pope in the home goal, before Fernandez almost finished off a sweeping move late in the first half only to be denied by a recovered Pope. The football was being played by the Blues. In the blink of an eye, however, the game was inexplicably taken away from Chelsea. Firstly, Jamaal Lascelles was allowed to steal into the box and head a simple Anthony Gordon cross home before, 90 seconds later, on the day he became Chelsea’s oldest-ever outfield player, Silva seemed to stub his foot into the ground, allowing fellow countryman Joelinton in to latch onto the ball and stroke it into the net. Reece James’s dismissal for two bookable offences and Gordon’s late fourth ensured a miserable trip north became a potentially damaging one. Chelsea still remain a team of individuals. Pochettino is making strides and is finally starting to settle on a starting 11 at least. There remains, however, too many gaps in the game plan. Newcastle have a blueprint that they adhere to by the letter. Just watch one of the set pieces, which would not look out of place in the NFL, where most of the players are in there as blockers, creating space for their aerial dangermen, tells you all you need to know about the thorough preparations from Eddie Howe and his staff. It is of course far too early to be judging Pochettino yet, but if they resembled his Tottenham side in their pomp against Manchester City last time out, they reverted back to the Frank Lampard days on Tyneside. Back very much to square one. Read More Chelsea vs Manchester City LIVE: Latest Premier League updates Luton clinch huge win as Jacob Brown scores decisive goal against Crystal Palace Brentford vs Arsenal LIVE: Latest Premier League updates Luton clinch huge win as Jacob Brown scores decisive goal against Crystal Palace Brentford vs Arsenal LIVE: Latest Premier League updates Brighton return to winning ways by edging Forest in thriller
2023-11-26 02:28
How tall is Jason Momoa? Rita Moreno once dubbed 'Aquaman' star 'world's tallest person'
How tall is Jason Momoa? Rita Moreno once dubbed 'Aquaman' star 'world's tallest person'
Jason Momoa's towering stature is such a puzzle that even the vast expanse of the internet struggles to pin down his exact height
2023-09-06 16:46
Japanese family says young doctor took his life after working 200 hours overtime in a single month
Japanese family says young doctor took his life after working 200 hours overtime in a single month
The family of a 26-year-old doctor in Japan who died by suicide last year after working more than 200 hours of overtime in a single month have pleaded for change in a nation long plagued by overwork culture.
2023-08-24 09:51
Jamie Raskin Won’t Run for Senate, Warns Democracy in Peril
Jamie Raskin Won’t Run for Senate, Warns Democracy in Peril
Maryland Representative Jamie Raskin, the Democratic firebrand and constitutional law professor who led Donald Trump’s second impeachment, announced
2023-07-08 09:51
Three Dalvin Cook Free Agency Destinations
Three Dalvin Cook Free Agency Destinations
Dalvin Cook free agency destinations.
2023-06-09 01:59
'RHOBH' star Lisa Rinna shades Bravo in cryptic post hinting at reason for leaving 'stupid show'
'RHOBH' star Lisa Rinna shades Bravo in cryptic post hinting at reason for leaving 'stupid show'
Lisa Rinna claims that she left 'RHOBH' because her deceased mom asked her to in a dream
2023-06-17 11:47