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Kevin McCarthy, House GOP Debt-Limit Plan Face Crucial Test This Week
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WASHINGTON—Speaker Kevin McCarthy and House Republicans face a crucial test this week as they scramble to unite their factious party around a bill that would slash government spending in exchange for raising the nation’s borrowing limit.
With the health of both the economy and his speakership potentially on the line in the debt-limit fight, Mr. McCarthy and his allies have begun the process of wrangling the 218 votes needed for passage of their plan. In the narrowly divided 222-213 House, Republicans can afford no more than four defections, if all Democrats vote no, as expected.
Read more on wsj.comAbout this in other media
Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options wsj.com /1 year ago
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