{"id":1940691,"date":"2023-05-30T10:13:14","date_gmt":"2023-05-30T14:13:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-limit-nancy-mace-says-she-does-not-support-mccarthys-deal-with-biden\/"},"modified":"2023-05-30T10:15:08","modified_gmt":"2023-05-30T14:15:08","slug":"debt-limit-nancy-mace-says-she-does-not-support-mccarthys-deal-with-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-limit-nancy-mace-says-she-does-not-support-mccarthys-deal-with-biden\/","title":{"rendered":"Nancy Mace opposes McCarthy&#8217;s agreement with Biden on debt limit."},"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\">20<\/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%2Fdebt-limit-nancy-mace-says-she-does-not-support-mccarthys-deal-with-biden%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=1940691&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>Rep. Nancy Mace Opposes Debt Ceiling Deal<\/h2>\n<blockquote><p>&#8220;Washington is broken. Republicans got outsmarted by a President who can\u2019t find his pants. I\u2019m voting NO on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-looks-to-strike-deal-with-mccarthy-on-wasteful-government-spending\/\" title=\"Manchin Looks to Strike Deal With McCarthy on Wasteful Government Spending\">debt ceiling debacle<\/a> because playing the DC game isn\u2019t worth selling out our kids and grandkids,&#8221;<\/p><\/blockquote>\n<p>Rep. Nancy Mace (R-SC) has come out against the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-limit-nancy-mace-says-she-does-not-support-mccarthys-deal-with-biden\/\" title=\"Nancy Mace opposes McCarthy's agreement with Biden on debt limit.\">recent <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-have-to-de-weaponize-manchin-chides-schumer-for-hammering-republicans-after-debt-ceiling-vote\/\" title=\"\u2018We Have To De-Weaponize\u2019: Manchin Chides Schumer For Hammering Republicans After Debt Ceiling Vote\">debt ceiling deal<\/a> struck<\/a> between President Joe Biden and House Speaker Kevin McCarthy (R-CA) over the weekend. Mace previously signaled opposition to the Limit, Save, Grow Act, Republicans&#8217; initial offering in the debt limit negotiations, before later coming around. One of her chief concerns at the time was that the bill didn&#8217;t balance the budget.<\/p>\n<h3>The Fiscal Responsibility Act of 2023<\/h3>\n<p>Following weeks of tense discussions, negotiators revealed Saturday that they achieved a breakthrough with the Fiscal Responsibility Act of 2023. The bill, which was released Sunday, would suspend the debt ceiling for roughly two years in exchange for a slew of spending clawbacks and other reforms. If the spending caps outlined in the bill are retained for six years, it could reduce the deficit by $2.1 trillion, according to a preliminary assessment from the Congressional Budget Office. However, the budget caps are only required for the first two years.<\/p>\n<p>As part of the deal, nondefense and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-biden-admits-progressive-democrats-might-not-get-on-board-with-deal\/\" title=\"Biden acknowledges progressive Dems may not support debt ceiling deal.\">nonveteran discretionary spending growth<\/a> would be largely kept down until 2024 before increasing by roughly 1% in 2025.<\/p>\n<h3>Opposition to the Agreement<\/h3>\n<p>About a dozen Republicans from both chambers of Congress have voiced opposition to the agreement, meaning that McCarthy and Biden will need to lean on Democrats to secure its passage. The House is expected to vote on the bill Wednesday and the Senate later in the week.<\/p>\n<p>&#8220;It is simple: President Biden wanted to spend more and raise taxes. Republicans fought \u2014 and won \u2014 to reduce spending and stop Biden from radical overreach. The systemic reforms we set in place mark the beginning of historic change in Washington,&#8221; McCarthy tweeted in defense of the agreement.<\/p>\n<h3>Treasury Secretary&#8217;s Projection<\/h3>\n<p>Treasury Secretary Janet Yellen most recently projected that the government has until June 5 before it could start running dry on cash to meet its obligations if no debt limit hike occurs.<\/p>\n<h3>Conclusion<\/h3>\n<p>It remains to be seen whether the debt ceiling deal will pass, but it is clear that there is opposition from both sides of the aisle. As the debate continues, it is important to consider the long-term impact on future generations and the overall health of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Nancy Mace (R-SC) opposes the debt ceiling deal between President Biden and House Speaker McCarthy. She criticizes the broken Washington system and claims that Republicans were outsmarted by a President who can&#8217;t find his pants. Mace plans to vote against the debt ceiling agreement, citing the DC game.<\/p>\n","protected":false},"author":1,"featured_media":1940692,"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":[5877,3620,5487,6612,5167,7563,4217,14777],"class_list":["post-1940691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-agreement","tag-biden","tag-debt","tag-limit","tag-mace","tag-mccarthys","tag-nancy","tag-opposes"],"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\/1940691","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=1940691"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1940691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1940692"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1940691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1940691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1940691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}