{"id":1935682,"date":"2023-05-22T13:51:19","date_gmt":"2023-05-22T17:51:19","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-stakes-best-and-worst-case-scenarios-for-kevin-mccarthy-in-debt-crisis-crunch\/"},"modified":"2023-05-22T13:53:36","modified_gmt":"2023-05-22T17:53:36","slug":"high-stakes-best-and-worst-case-scenarios-for-kevin-mccarthy-in-debt-crisis-crunch","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-stakes-best-and-worst-case-scenarios-for-kevin-mccarthy-in-debt-crisis-crunch\/","title":{"rendered":"Kevin McCarthy faces high stakes in debt crisis crunch with potential best and worst outcomes."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/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%2Fhigh-stakes-best-and-worst-case-scenarios-for-kevin-mccarthy-in-debt-crisis-crunch%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=1935682&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>Pressure Mounts for Debt Ceiling Compromise<\/h2>\n<h3>Political and Market Pressure Increases to Raise Debt Ceiling<\/h3>\n<p>House Speaker Kevin McCarthy is facing pressure from both the White House and his own party to reach a budget compromise before the projected default date of June 1. McCarthy and President Joe Biden are set to meet on Monday to continue negotiations, but McCarthy is struggling to find support from his own party to pass a joint <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-unveil-government-funding-debt-ceiling-bill-that-gop-has-vowed-to-oppose\/\" title=\"Democrats Unveil Government Funding, Debt Ceiling Bill That GOP Has Vowed To Oppose\">debt ceiling bill<\/a> through the House. The best-case scenario for McCarthy is a deal reached on Tuesday, but the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-may-ease-ccp-virus-lockdown-from-march-foreign-secretary-says\/\" title=\"UK May Ease CCP Virus Lockdown From March, Foreign Secretary Says\">worst-case scenario<\/a> could be a challenge to his speakership. <\/p>\n<h3>Conflicting Scenarios for McCarthy<\/h3>\n<p>McCarthy could take a hard-line approach to negotiations with Biden and force the president to roll back some of his more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/4-intellectuals-who-started-out-liberal-but-ended-up-conservative\/\" title=\"4 Intellectuals Who Started Out Liberal But Ended Up Conservative\">left-leaning policies<\/a>, but Biden has drawn the line in the sand at the Inflation Reduction Act and other areas as nonstarters. Progressive lawmakers have expressed concern and vowed to push back if the bill does not align with their requirements for a &#8220;clean&#8221; debt ceiling bill. Far-right lawmakers could also stir dissent on Capitol Hill if the bill comes back to Republicans altered far more than they&#8217;d like. <\/p>\n<h3>Discourse and Negotiations<\/h3>\n<p>GOP negotiators walked out of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-took-social-security-cuts-off-the-table-in-debt-ceiling-talks-but-its-still-third-rail-in-politics\/\" title=\"McCarthy Took Social Security Cuts Off the Table in Debt Ceiling Talks, but It\u2019s Still Third Rail in Politics\">debt ceiling talks<\/a> with the White House on Friday, saying the meetings were &#8220;not productive.&#8221; McCarthy and Biden both said their conversation on Sunday was &#8220;productive&#8221; but that they are not close to an agreement. The speaker is on track for an uphill battle to get at least 200 Republicans in favor of a new debt ceiling bill, and stalling on raising the debt ceiling for a long period of time is projected to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-stakes-best-and-worst-case-scenarios-for-kevin-mccarthy-in-debt-crisis-crunch\/\" title=\"Kevin McCarthy faces high stakes in debt crisis crunch with potential best and worst outcomes.\">create severe financial consequences<\/a> for the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the GOP are under pressure to avoid a national debt crisis as the deadline approaches. The House Speaker is facing demands from both the White House to compromise on the debt ceiling bill and his own party to reduce spending. Time is running out.<\/p>\n","protected":false},"author":1,"featured_media":1935683,"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":[538],"tags":[6170,15923,5487,3660,3663,24417,4238,11949,6044],"class_list":["post-1935682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-crisis","tag-crunch","tag-debt","tag-kevin","tag-mccarthy","tag-outcomes","tag-potential","tag-stakes","tag-worst"],"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\/1935682","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1935682"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935683"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}