{"id":1940174,"date":"2023-05-29T06:00:51","date_gmt":"2023-05-29T10:00:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/party-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress\/"},"modified":"2023-05-29T06:04:25","modified_gmt":"2023-05-29T10:04:25","slug":"party-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/party-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress\/","title":{"rendered":"Leaders must sell debt limit deal to unhappy Congress."},"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\">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%2Fparty-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress%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=1940174&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> Biden and McCarthy Reach Tentative Debt Ceiling Deal <\/h2>\n<blockquote><p> President Joe Biden and House Speaker Kevin McCarthy (R-CA) accomplished the difficult task of reaching a tentative agreement to avert a debt default over the weekend. Now comes a much harder challenge: selling the deal to their respective sides. <\/p><\/blockquote>\n<p>Negotiators reached a tentative agreement on Saturday evening that would raise the debt ceiling for two years, roll back non<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/conservatives-rally-against-1-5-trillion-omnibus-spending-bill\/\" title=\"Conservatives Rally Against .5 Trillion Omnibus Spending Bill\">-defense discretionary spending<\/a> to Fiscal Year 2022 levels, and cap top-line federal spending to one<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-and-mccarthys-tentative-deal-raises-debt-ceiling-until-2025\/\" title=\"Biden and McCarthy agree to raise debt ceiling until 2025.\">-percent annual growth<\/a> over the next six years. The deal was swiftly criticized by progressives and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-fights-to-shore-up-republican-support-ahead-of-speakership-vote\/\" title=\"McCarthy Fights to Shore Up Republican Support Ahead of Speakership Vote\">hard-line conservatives<\/a>, with the former claiming the cuts were too severe while the latter argues the cuts were insufficient. <\/p>\n<h3> The Debt Ceiling and the Need for a Deal <\/h3>\n<p>The debt ceiling, or the highest amount the federal government can borrow, will either need to be raised or abolished early next month to avert a default. Economists have long warned that such a default would wreak havoc on the economy. Treasury Secretary Janet Yellen said the United States will be unable to pay its bills by June 5. <\/p>\n<h3> The Challenge of Passing the Deal <\/h3>\n<p>McCarthy needs 218 votes to pass the bill, dubbed the &#8220;Fiscal Responsibility Act,&#8221; through the House. Republicans hold a 222-213 majority in the chamber, meaning he can only afford four defections. Given that far more than four GOP lawmakers have already voiced their opposition to the deal, he&#8217;ll need House Minority Leader Hakeem Jeffries (D-NY) to whip enough Democratic votes to push the bill across the finish line. <\/p>\n<h3> Opposition to the Deal <\/h3>\n<p>&#8220;It&#8217;s not done yet,&#8221; said Rep. Jim Himes (D-CT), the top Democrat on the powerful House Intelligence Committee. &#8220;And all you need to do is check the social media of the Freedom Caucus, who were just obliterating this deal.&#8221; <\/p>\n<p>Sen. Chris Murphy (D-CT) said Sunday on MSNBC, &#8220;My worry is, there may still not be enough Republicans in the House to get this deal done.&#8221; <\/p>\n<h3> The Senate&#8217;s Role <\/h3>\n<p>Once the bill reaches the Senate, Schumer and McConnell will need to pull together 60 votes to bypass the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-democrats-march-on-senate-to-protest-failed-equal-rights-amendment-vote\/\" title=\"House Democrats march on Senate to protest failed Equal Rights Amendment vote\">filibuster threshold required<\/a> to pass most legislation in the chamber. While progressives in the Senate have been quiet thus far on how they plan to vote on the Biden-McCarthy deal, a number of GOP members have vocally condemned the package for lacking adequate spending cuts and said they intend to oppose it. <\/p>\n<h3> The Final Vote <\/h3>\n<p>Given Democrats 51-49 majority in the 100-member body, both sides can only afford just under 20 defections each if the bill is going to pass with 60 votes. That tight split also gives each member the ability to act as a protest vote and derail any legislative effort, though the stakes involved in letting this particular deal fail are high enough that many of those opposed could be convinced to fall in line. While no senator could completely kill a piece of legislation on their own, they do have the ability to slow down the process by as much as a week. That delay would push lawmakers past the June 5 &#8220;X-date.&#8221; <\/p>\n<h3> The Concerns of Senate Republicans <\/h3>\n<p>A number of Senate Republicans expressed concern after a Sunday evening call over the deal&#8217;s caps on top-line defense spending, which critics warn are too low to keep up with the rate of inflation. Sen. Lindsey Graham (R-SC) went public with his discontent over the defense spending matter, telling Fox News that he would not allow the June 5 &#8220;X-date&#8221; to stop him from getting that provision changed. <\/p>\n<h3> The Final Push <\/h3>\n<p>Schumer said in a letter to Democratic members on Sunday that the Senate would vote on the bill as soon as possible, telling his caucus to prepare for a possible vote as soon as this Friday that could carry into the weekend. <\/p>\n<p>The fate of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/party-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress\/\" title=\"Leaders must sell debt limit deal to unhappy Congress.\">debt ceiling deal remains uncertain<\/a>, but both sides are pushing hard to get it passed. Stay tuned for updates. <\/p>\n<ul>\n<li> Use HTML for formatting <\/li>\n<li> Include h2 tags, h3 tags, lists and bold <\/li>\n<li> Edit only part which is rendered in the HTML and visible on the front end <\/li>\n<li> Don&#8217;t edit HTML tags, only text. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>President Biden and House Speaker McCarthy have tentatively agreed to avoid a debt default, but now face the challenge of convincing their parties. The deal, reached on Saturday, would raise the debt ceiling for two years.<\/p>\n","protected":false},"author":1,"featured_media":1940175,"comment_status":"open","ping_status":"closed","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":[4402,3715,5487,5061,6612,9365,16882],"class_list":["post-1940174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-congress","tag-deal","tag-debt","tag-leaders","tag-limit","tag-sell","tag-unhappy"],"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\/1940174","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=1940174"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1940174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1940175"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1940174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1940174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1940174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}