House Republicans are making a commotion about Speaker Kevin McCarthy after he negotiated with President Joe Biden to raise the $31.5 trillion debt ceiling, according to Newsweek. Though McCarthy calls it a “compromise,” the proposal faces the issue of getting past the Republican House and Democratic Senate. McCarthy, who achieved his seat as the speaker by a narrow margin, might be in trouble after some Republicans are floating the idea of vacating his position.
The proposal includes extending the debt limit until 2025 and capping spending in 2024 and 2025, which Democrats are not happy about. Defense and veteran funding are exceptions to the cap in spending. The Internal Revenue Service (IRS) is also getting cuts in funding, especially after the Inflation Reduction Act bolstered it by $80 billion, according to American Pigeon. The proposal also increases work requirements for food assistance programs.
Settling on an agreement was critical because the United States was at risk of defaulting on its debt, which would have rendered it unable to pay its bills.
While McCarthy is reportedly confident that most Republicans will pass the proposal, some Republicans are not happy. Rep. Dan Bishop called it an “entire capitulation” and said that only one vote is required to trigger a motion to vacate the chair, which McCarthy agreed to in January. Bishop said that whether or not Republicans will do that will depend on their courage.
Rep. Scott Perry told reporters that he wants to defeat the bill. In addition, Reps. Matt Gaetz, Anna Paulina Luna, Lauren Boebert, Ken Buck, Matt Rosendale, Bob Good, Chip Roy, Byron Donalds, and Ralph Norman have voiced their opposition as well.
Rep. Nancy Mace went after both Republicans and Biden in response to the proposal and claimed that she is voting no because it sells out “our kids and grandkids.”