Posted on 04/24/2023 12:13:21 PM PDT by CFW
U.S. House Republicans may get their debt limit spending bill across the finish line this week as the federal government faces a looming deadline to raise the ceiling or default on obligations.
The House Rules Committee is expected to mark up the legislation Tuesday afternoon, which means there could be a vote later this week. Reports indicate Republican leadership has been working feverishly to ensure they have the votes for the deal, which they hope will set the table for negotiations with President Joe Biden and leading Democrats.
The Treasury Department is expected to give an update this week on just how close the U.S. is to defaulting on this imminent debt limit deadline. Defaulting on debt obligations would be unprecedented and likely catastrophic for the American economy.
House Speaker Kevin McCarthy, R-Calif., pitched his bill to voters on Fox News’ “Sunday Morning Futures with Maria Bartiromo.”
“I cannot imagine someone in our conference who would want to go along with Biden’s reckless spending," he said. "This is responsible, this is something we have sat down for months and everybody’s had input in. It doesn’t solve all our problems, but it gets us on the right path."
(Excerpt) Read more at thecentersquare.com ...
Stupid if the bill doesn’t include MANDATORY cutting of government spending and size.
Otherwise this is just an invitation for the Left to raise taxes, MUCH WORSE than the debt.
I think it actually does.
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