Members of the House Freedom Caucus have urged House Speaker Kevin McCarthy (R-Calif.) and Senate Republicans to “use every leverage” to get the House debt limit bill signed into law. “The U.S. House of Representatives has done its job in passing the Limit, Save, Grow Act to provide a mechanism to raise the debt ceiling….
House Freedom Caucus to McCarthy: ‘Use Every Leverage’ in Debt Limit Negotiation
Rep. Scott Perry Says Debt Limit Impacts Everyone
Americans should be concerned with debt limit discussions in Congress because all are affected by the fallout from these decisions, according to U.S. Rep. Scott Perry, a Pennsylvania Republican. Consumers see it in inflation, with increased prices at grocery stores, gas stations, and most other places. “We keep flooding the economy by spending trillions and…
Congressional Republicans Rally to Call on Biden to Reach Deal in Debt Ceiling Negotiations
Several Republican senators expressed solidarity with their House colleagues in support of the Limit, Save, Grow Act at a joint press conference attended by about 40 GOP members of Congress. The bill, passed by the House in April, would raise the debt ceiling by $1.5 trillion, enough to last for about one year, while limiting…
US Debt Is ‘Unsustainable,’ Must Be Reduced, Economists Say
May 4, 2023
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The growing national debt is on an unsustainable path and must be reduced to avoid long-term damage to the U.S. economy, experts warned on May 4. “With respect to interest rates and soaring debt, we are sitting on a ticking time bomb. Congress should be working diligently to avert an otherwise-inevitable debt crisis,” Brian Riedl,…
House Passes GOP Debt Limit Bill, Boosting McCarthy’s Position in Standoff With Biden
The House of Representatives approved a Republican plan to temporarily raise the debt ceiling while cutting future spending with a vote of 217–215 on April 26. In a departure from regular order, the vote came less than 24 hours after the bill was formally introduced into the House and just 12 hours after a late-night…
GOP Debt, Spending Plan Passes Committee, Clearing Way for House Vote
The Republican debt ceiling and spending plan was approved by the House Rules Committee in the early morning hours of April 26 along party lines, clearing the way for a rapid up-or-down vote by the full House. After a six-hour debate on H.R. 2811, the Limit, Save, and Grow Act of 2023, the committee recessed…
GOP Debt Limit Bill Clears Committee, Clearing Way for House Vote
The Republican debt ceiling and spending plan was approved by the House Rules Committee in the early morning hours of April 26 along party lines, clearing the way for a rapid up-or-down vote by the full House. After a six-hour debate on H.R. 2811, the Limit, Save, and Grow Act of 2023, the committee recessed…
Lawmakers Voice Bipartisan Support for Action on Debt Ceiling
House Speaker Kevin McCarthy (R-Calif.) defended the Republican proposal to lift the debt ceiling temporarily while instituting spending cuts even as lawmakers from both parties reacted to the plan during press interviews on April 20. Despite vigorous disagreements about the Limit, Save, Grow Act of 2023, several members of Congress voiced the need for honest…
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