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Spending and debt ceiling plan: What’s next?
BY LAUREN SFORZA - 05/28/23 8:05 AM ET
President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous financial crisis. Attention is now focusing on the release of the legislative text, which is being finalized.
McCarthy said that he will abide by the 72-hour rule — providing lawmakers a full three days to read the text of the legislation before they’re asked to vote on it — and could release the text of the legislation on Sunday.
https://thehill.com/homenews/house/4024123-spending-and-debt-ceiling-plan-whats-next/
#CHIPROY #DANBISHOP #DEBTCEILING #DEBTLIMITNEGOTIATION #JOEBIDEN #KEVINMCCARTHY
Spending and debt ceiling plan: What’s next?
President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous financial crisis. Attention is now focusing on the release of the legislative text, which is being finalized. McCarthy said that he will abide by the…