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U.S Debt Countdown: Will A Deal Go Through Today?

Does Biden and McCarthy have the necessary votes to suspend the debt ceiling and save the U.S from default?
2023-05-31

Today, a Biden-McCarthy deal to suspend the debt ceiling will face the ultimate challenge. The House of Representatives will vote for the so-called ‘Fiscal Responsibility Act of 2023’ at 3:30 EST, after a failed attempt by far-right Republicans to puncture the deal in the Rules Committee late last night. 

Does House Speaker Kevin McCarthy have the necessary votes to pass the bill and save the U.S from defaulting on its debt before the X-date on June 5th?

The short answer is YES.

Does that mean that the Speaker can put the worst of this debt nightmare behind him? NO

 

 

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