Biden and McCarthy expect the US Congress to approve debt limit

US President Joe Biden

The Speaker of the United States House of Representatives, kevin mccarthypredicted Sunday that most of his fellow Republicans would support the deal to suspend the $31.4 trillion debt limit he negotiated over the weekend with President Joe Biden.

Hours later, the Democratic president said he was confident that the legislation would be approved by both houses of Congress to avoid a suspension of payments by the US government. When asked if there were any obstacles, the president replied: “None.”

I’m about to go in and talk to McCarthy now at three to make sure all the i’s are dotted. I think we’re in good shape,” Biden told reporters upon his return to the White House.

After weeks of negotiations, McCarthy and Biden They reached a tentative agreement late on Saturday, but now face the challenge of getting the deal passed by the Republican-controlled House of Representatives and the Democratic-led Senate by June 5.

Biden and McCarthy they were scheduled to speak late on Sunday to finalize the deal, which has drawn criticism from hardline Republicans and progressive Democrats. House Republicans were scheduled to introduce legislation on Sunday to approve the deal.

The White House he was scheduled to brief Senate Democrats at 6:30 p.m. local time.

As Democratic and Republican negotiators iron out the final details of a deal to lift the federal government’s $31.4 trillion borrowing limit, McCarthy may be forced to do some behind-the-scenes dealings.

We are going to try” to prevent it from being approved in the House of Representatives, he said in Twitter Rep. Chip Roy, a leading member of the hardline group Freedom Caucus of the House of Representatives.

Republicans in the House of Representatives and the Senate criticized the terms and the new conditions of the agreement.

If Congress fails to reach an agreement on the self-imposed debt ceiling by June 5, it could trigger a default that would rock financial markets and plunge the United States into a deep recession.

Republicans control the House of Representatives by 222 votes in favor and 213 against, while the Democrats control the Senate by votes in favor of 51 and 49 against.

The margins mean that moderates on both sides will have to support the bill, as any compromise will almost certainly lose the support of the far-left and far-right wings of each party.

To win the presidency, McCarthy agreed to allow any member to call for a vote to unseat him, which could lead to his removal if he tries to work with Democrats.

Roy complained on Twitter Sunday that the deal would leave intact an expansion of the Internal Revenue Service established when Democrats controlled both houses of Congress.

The deal suspends the debt ceiling until January 2025, after the November 2024 presidential election, in exchange for spending caps and cuts in government programs.

The representative Dan Bishop and other hardline Republicans strongly criticized early details of the deal, which suggest Biden successfully rebuffed several spending-cutting demands on Saturday, signaling McCarthy could have trouble getting votes.

There is a total surrender from the side that holds the cards,” Bishop said.

Progressive Democrats in both chambers have said they will not support any deal that includes more job requirements for welfare benefits. This agreement does so, according to sources, by adding work requirements to food aid for people between the ages of 50 and 54.


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