{"id":1941184,"date":"2023-05-31T07:42:01","date_gmt":"2023-05-31T11:42:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rules-committee-overcomes-gop-opposition-to-advance-debt-limit-bill\/"},"modified":"2023-05-31T07:44:17","modified_gmt":"2023-05-31T11:44:17","slug":"rules-committee-overcomes-gop-opposition-to-advance-debt-limit-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rules-committee-overcomes-gop-opposition-to-advance-debt-limit-bill\/","title":{"rendered":"Rules Committee passes debt limit bill despite GOP resistance."},"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%2Frules-committee-overcomes-gop-opposition-to-advance-debt-limit-bill%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=1941184&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>The House Rules Committee Narrowly Votes to Advance Bipartisan Fiscal Responsibility Act<\/h2>\n<p>The House Rules Committee has taken the first step towards raising the debt ceiling just six days before the country is set to default on its loans. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rules-committee-overcomes-gop-opposition-to-advance-debt-limit-bill\/\" title=\"Rules Committee passes debt limit bill despite GOP resistance.\">committee narrowly voted 7-6<\/a> to advance the bipartisan Fiscal Responsibility Act, overcoming growing opposition within the Republican Party. Only Reps. Chip Roy (R-TX) and Ralph Norman (R-NC) joined all Democrats to vote against the measure. The legislation now heads to the floor for a vote on Wednesday, which is scheduled to take place at 8:30 p.m.<\/p>\n<h3>Debt Limit Deal: Where It Stands and What Is Still to Come<\/h3>\n<p>\u201cIn a true negotiation, you always get less than you want and give up more than you&#8217;d like,\u201d committee Chairman Tom Cole (R-OK) said on Tuesday. \u201cBut with the passage of the Fiscal Responsibility Act, it will responsibly lift the debt ceiling and avoid default that would devastate the American economy, and we will achieve real reductions in spending. \u2026 This is the most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-debt-ceiling-deal-clears-crucial-hurdle-ahead-of-house-vote\/\" title=\"US <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> passes key hurdle before House vote.&#8221;>consequential spending reduction bill<\/a> in more than a decade.\u201d<\/p>\n<p>The committee vote marked the first test for the debt ceiling deal that was brokered between House Speaker Kevin McCarthy (R-CA) and President Joe Biden over the weekend, which has already <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-americans-need-to-put-disappointing-jobs-report-in-perspective\/\" title=\"Biden Says Americans Need To Put Disappointing Jobs Report \u2018In Perspective\u2019\">received staunch opposition<\/a> from members of both parties who say the deal does not adequately meet their demands.<\/p>\n<ul>\n<li>Some key members of the Rules Committee vowed to vote against advancing the bill to the floor altogether, threatening to kill the agreement before it could even reach the floor for a full vote.<\/li>\n<li>More Republicans could join Rep. Dan Bishop\u2019s calls to reconsider McCarthy\u2019s speakership, especially after the bill advanced through the committee through a closed-rules process and without unanimous Republican support.<\/li>\n<\/ul>\n<p>Once the debt ceiling deal is passed through the House, the legislation will head to the Senate, where it could take a few days before it is passed. After that, it will be sent to President Joe Biden\u2019s desk for his signature. The clock is ticking for Congress to advance the legislation before the so-called X-date on June 5, the day the country is expected to no longer be able to pay off its debts.<\/p>\n<p>Treasury Secretary Janet Yellen updated the deadline from her initial projection of June 1, buying lawmakers four extra days to finalize an agreement and get a bill passed before a possible default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fiscal Responsibility Act, a bipartisan effort to raise the debt ceiling, has advanced after a narrow 7-6 vote by the House Rules Committee. Despite opposition from some Republicans, the bill moves forward just six days before the country risks defaulting on its loans.<\/p>\n","protected":false},"author":1,"featured_media":1941185,"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":[4384,5487,6203,6612,5448,15667,3807],"class_list":["post-1941184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-committee","tag-debt","tag-gop","tag-limit","tag-passes","tag-resistance","tag-rules"],"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\/1941184","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=1941184"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1941184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1941185"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1941184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1941184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1941184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}