Biden and McCarthy finally struck a debt limit deal this weekend, and Congress is racing to get it passed in time to avoid economic disaster. The deal would raise the debt ceiling through January 2025, expand work requirements for aid programs like SNAP (aka food stamps), take back billions in unspent Covid relief funds, nix the student loan payment pause and more. A number of House Republicans have come out against the deal. Now, the question is whether they’ll have enough power to derail it.
The House Rules Committee will meet at 3 p.m. Tuesday to set the stage for floor consideration of the debt limit measure. Congress appears on track to pass legislation to increase the federal borrowing limit and avoid a potentially calamitous default on the nation’s debt — but the clock is ticking …
Some conservatives are signaling they’re going to try to tank the deal, but early signs are promising it will pass. Some House conservatives spent Sunday morning lining up against a deal that one called “insanity.” Some progressives are privately grumbling at their party’s lack of wins. Yet as …
