Rep. Chip Roy, reacting to news that Democrats might have squeezed McCarthy on earmarks, tweeted derisively: "Earmarks! Sell! Sell! Sell! #NoDeal[.]" * * * Update: The House has successfully voted to raise the debt limit.
71 Republicans opposed the measure, as did 46 Democrats, while 149 Republicans and 165 Democrats voted to back the plan.
As we noted earlier, the bill - which as discussed here does not cut real Federal spending even in year one despite widespread propaganda that In exchange for Republican votes for the suspension, Democrats agreed to cap federal spending for the next two years - would set the course for federal spending for the next two years and suspend the debt ceiling until Jan. 1, 2025 - postponing another clash over borrowing until after the presidential election.
Of note, in order to try and convince hardline conservatives to vote yes, House Speaker Kevin McCarthy had proposed a bipartisan commission, at an expected cost upwards of $100 million, to outline future budget cuts.
Watch live: * * * Shortly after 4pm ET, the debt-limit deal cleared a major hurdle in the House despite growing opposition, setting up the legislation for a vote around 8:15pm on Wednesday night, a vote which despite vocal showboating opposition from various republicans appears destined to pass.
While the House voted 241-187 to take a procedural step needed to consider the measure, McCarthy needed votes from Democrats to offset 29 Republican "No" votes, underscoring the divide within his own party over the legislation as such votes setting the rules for debate are nearly always decided along party lines.
The bill - which as discussed here does not cut real Federal spending even in year one despite widespread propaganda that In exchange for Republican votes for the suspension, Democrats agreed to cap federal spending for the next two years - would set the course for federal spending for the next two years and suspend the debt ceiling until Jan. 1, 2025 - postponing another clash over borrowing until after the presidential election.
As The Hill reports, the bill is likely to get over 40 Senate Democratic votes, meaning it will likely need at least 10-20 "Yes" votes from Senate Republicans in order for it to move to President Biden's desk before the June 5 "X-date" deadline set by Treasury Secretary Janet Yellen for the US to run out of funds.
Sen. Rand Paul has similarly thrown a wrench in the gears - demanding a vote on his "Conservative alternative" that would cut total federal spending by $545 billion over two years.
The Hill Rand Paul says he won't vote for any bill to raise the debt ceiling that doesn't balance the federal budget in five years - which would require over $500 billion in future cuts.
Braun told reporters that he wouldn't vote for the bill unless it similarly contains major changes and amendments, adding that he won't object to speeding up the debate on the legislation if he and his GOP colleagues can submit amendments - even if they're unlikely to pass.
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