President and speaker come to an agreement.
The House will vote Wednesday on a deal to increase the debt ceiling. The agreement would also cap some government spending over the next two years, speed up permitting for energy projects, and return unused COVID-19 funds to the government. In addition, work requirements would be necessary for some welfare programs.
The Rules Committee will consider the 99-page bill Tuesday afternoon. The 13-member panel is already in contention and is not being seen as a rubber stamp for Speaker McCarthy. Representative Nancy Mace of South Carolina said, “I’m voting NO on the debt ceiling debacle because playing the DC game isn’t worth selling out our kids and grandkids.”
Representative Thomas Massie of Kentucky said, “I think it’s important to keep in mind the debt limit bill itself does not spend money.”
Both President Biden and Speaker McCarthy have predicted they will have enough votes to secure the deal before June 5, the new deadline set by the Treasury Secretary for when the nation would be unable to pay its bills.
Successful passage of the bill by the full House on Wednesday would send it to the Senate where some dissent is already being expressed.
As the Lord Leads, Pray with Us…
- For members of the House of Representatives as they deliberate and vote on the bill.
- For senators as they consider and debate the proposed legislation.
- For Treasury Secretary Yellen as measures continue regarding the payment of the nation’s obligations.
Sources: Washington Examiner, Reuters, The Hill
