House Speaker McCarthy defends debt ceiling deal to skeptics: 'It shouldn't be about you, it should be about America.'
while enforcing some limits on government spending, House Speaker Kevin McCarthy predicted on Sunday.
The bill "doesn't get everything everybody wanted," he acknowledged, "but that's, in divided government, that's what we end up with."McCarthy said he would speak with Biden again later Sunday, to review the finalized language of the legislation, and then the text will be posted publicly, starting a 72-hour countdown that he has committed to members for reading the bill before a vote on Wednesday. The proposal would be about 150 pages or less, he said.
Such a default would risk undermining the credit of the U.S., which is a lynchpin of the international economy,On Sunday, the speaker repeatedly praised both Graves and McHenry and Biden's team of "professional," "smart" and "tough" negotiators. The bill would fully fund medical care for veterans, including an extension of funding in the PACT Act, one source said.Speaker of the House Kevin McCarthy speaks at a press conference on May 28, 2023, at the US Capitol in Washington, D.C.
Graves said their legislation includes six years of spending caps, with different means of enforcing the first two years, under the current Republican House majority, than the remaining four.
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