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Free AccessWH Issues Statement On GOP Debt Bill, House Vote As Soon As 16:30ET Today
The White House has issued a statement on House Speaker Kevin McCarthy's (R-CA) revised debt ceiling bill ahead of an expected House vote later today.
- The precise schedule remains unconfirmed but Capitol Hill reporters suggest that the House Rules Committee will vote on the final text of the bill at 13:30 ET 18:30 BST.
- Andrew Solender at Axios: "House moving forward w/ vote on the GOP's debt ceiling bill – the Limit, Save, Grow Act – today. Democratic Whip Katherine Clark's office, referring to it as the "Default on America Act," says the final vote could be as early as [16:30 ET 21:20 BST]."
- The White House statement hits familiar notes, highlighting "extreme MAGA elements" within the GOP exerting influence over Speaker McCarthy to enact "draconian cuts."
- The White House claims that House Republican intend to restore "Trump tax cuts for the wealthiest and corporations at a cost of over $3 trillion."
- White House: "Budgets are a statement of values — and House Republicans have made clear who they are fighting for."
To read the full story
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Why MNI
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.