Free Trial

Study Cmte Chair Hern: House Vote On Debt Ceiling Plan As Early As Next Week


Chad Pegram at Fox News has reported comments from House Study Committee Chair Kevin Hern (R-OK) stating that a House vote on the GOP debt ceiling proposal - expected to be unveiled by House Majority Leader Steve Scalise (R-LA) today - could come as soon as next week.

  • Hern: “I've been in probably no less than a dozen meetings, probably twice as many calls... We keep saying the same thing over and over. It's time to call the question.”
  • Hern: “We can have the conversation, give a 72 hour notice and go through the rules package and have this on the floor before we leave next Friday.”
  • A successful vote on the proposal could force President Biden to the negotiating table but failure to pass the bill could significantly weaken the position of House Speaker Kevin McCarthy (R-CA).
  • Hern acknowledged this dilemma, saying: “If we can't lead, then we have a problem... We've been talking about this for 89 days. In the business world, you would no longer be leading your company if it took you 89 days to talk about the obvious.”

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.