Washington.- The House is debating a Republican proposal to increase the government’s debt ceiling by reducing spending and disarming important elements of President Biden’s domestic agenda, revealing a fiscal fight with Biden to avoid a catastrophic default.
The tax plan, which is doomed to die in the Democratic-led Senate, could cut federal spending by nearly 14 percent over a decade, undo some of Biden’s clean energy tax credits and student loan cancellation plan. and imposing stricter work requirements for federal health and nutrition programs.
House Speaker Kevin McCarthy implored die-hard Republicans in a closed-door meeting in the Capitol basement Wednesday morning to support the measure to force Biden to increase spending cuts.
Although the debate began this Wednesday afternoon, it is not clear if he managed to obtain the votes to push the proposal. Leaders said they plan to try around 5 pm Eastern Time.
The White House renewed Biden’s promise not to negotiate the debt limit and criticized the latest proposal from radical members of the Republican Party.
“House Speaker McCarthy cut the deal with the most extreme MAGA elements in his party to speed up the withdrawal of food assistance for hundreds of thousands of senior Americans and to carve out an industry with his draconian cuts,” Ben said. LaBolt, White House director of communications.
The debt limit is going to be reached as soon as this summer without any action by Congress. If an agreement is not reached, the United States will be unable to service its debt with potentially catastrophic consequences.
The fight over the debt ceiling is the first and very important test of the performance of McCarthy, who had only a short “honeymoon” since the difficult fight for the leadership.
