House Speaker Warns of Unpopular Debt Ceiling Agreement
“Everybody won’t like what is the end of the agreement … on both sides,” said McCarthy. “But … at the end of the day I think people should see what that product is before people vote on it.”
House Speaker Kevin McCarthy has issued a warning that the final agreement on the debt ceiling between Congress and the White House will not please everyone. Despite this, McCarthy remains optimistic that an agreement will be reached by the June 5 deadline.
The deal is expected to be relatively short, with McCarthy stating that it will be “150 pages or less.” He has also promised that lawmakers will have three days to read the text of the legislation before voting on it.
McCarthy Unfazed by Potential Disapproval
McCarthy is not concerned about the likelihood that the deal will be disliked by members of both parties. He believes that he will still have enough support for the deal to pass.
“If your idea is you’re going to put a bill on the floor but you don’t want anybody to read it, and you want it to pass because you’re afraid they won’t like it, it’s probably not a good product,” said McCarthy. “I’m not fearful of what’s in this bill.”
McCarthy has been in discussions with Senate leaders on how much time they will need to meet the June 5 deadline. He is also working with Sen. Kyrsten Sinema (I-AZ) and other moderate Democrats to cut a deal.
Treasury Secretary Janet Yellen recently revised the debt ceiling deadline from June 1 to June 5. Rep. John Rose (R-TN) has asked Yellen to provide information about the methods and data the Treasury Department used to come to the June 1 debt ceiling deadline.
Despite the potential for disapproval, McCarthy remains confident that the final agreement will be a good product that lawmakers can support.
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