{"id":1933840,"date":"2023-05-19T03:41:06","date_gmt":"2023-05-19T07:41:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-predicts-debt-ceiling-deal-to-reach-house-next-week\/"},"modified":"2023-05-19T03:43:00","modified_gmt":"2023-05-19T07:43:00","slug":"mccarthy-predicts-debt-ceiling-deal-to-reach-house-next-week","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-predicts-debt-ceiling-deal-to-reach-house-next-week\/","title":{"rendered":"McCarthy foresees debt ceiling agreement in House next week."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmccarthy-predicts-debt-ceiling-deal-to-reach-house-next-week%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1933840&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>House Speaker Kevin McCarthy Expects Deal on Debt Ceiling<\/h2>\n<p>House Speaker Kevin McCarthy (R-Calif.) has announced that he expects to bring a deal on raising the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/speaker-pelosi-promises-to-pass-bill-to-suspend-debt-limit\/\" title=\"Speaker Pelosi promises to pass bill to suspend debt limit\">federal debt ceiling<\/a> before the House next week. This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-predicts-debt-ceiling-deal-to-reach-house-next-week\/\" title=\"McCarthy foresees debt ceiling agreement in House next week.\">positive tone marks<\/a> a change for the Speaker, who had previously been hesitant to express optimism about reaching an agreement with President Joe Biden on raising the debt ceiling, along with spending caps and other provisions demanded by Republicans.<\/p>\n<h3>Negotiators in a &#8220;Much Better Place&#8221;<\/h3>\n<p>McCarthy has stated that negotiators are now in a &#8220;much better place,&#8221; and he can see where a deal can come together. The working group, which includes Steve Ricchetti, counselor to the president, and Shalanda Young, director of the Office of Management and Budget, Rep. Garret Graves (R-La.), and unnamed members of McCarthy&#8217;s staff, are still in talks over the spending caps, and the amount and duration of an increase or suspension to the debt limit.<\/p>\n<ul>\n<li>The working group has met daily since May 16.<\/li>\n<li>The president also voiced optimism that a deal was in the offing before his departure on May 17 for the G7 Summit in Japan.<\/li>\n<\/ul>\n<h3>Months-Long Standoff<\/h3>\n<p>The president and the Speaker had been in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-how-joe-manchin-kyrsten-sinema-fare-in-their-own-states\/\" title=\"Here\u2019s How Joe Manchin, Kyrsten Sinema Fare In Their Own States\">months-long standoff<\/a> over raising the nation&#8217;s $31.4 trillion borrowing limit. Biden had refused to negotiate over raising the limit, saying that it would jeopardize the full faith and credit of the United States.<\/p>\n<p>However, with negotiations ongoing and both sides expressing optimism, it seems that a deal may finally be within reach.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Kevin McCarthy plans to present a deal on raising the federal debt ceiling to the House next week, according to his statement to reporters on May 18. This marks a shift in his attitude, as he had previously been hesitant to express optimism about reaching an agreement with President.<\/p>\n","protected":false},"author":1793,"featured_media":1933841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[5877,10142,5487,27101,3653,3663,3912],"class_list":["post-1933840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-agreement","tag-ceiling","tag-debt","tag-foresees","tag-house","tag-mccarthy","tag-week"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1793"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1933840"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1933840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1933841"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1933840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1933840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1933840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}