Many Republicans Voting Against Debt Ceiling Deal
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Kevin McCarthy and Joe Biden reached a final agreement on the debt limit.
It now has to be approved by Congress.
House Speaker Kevin McCarthy and Joe Biden on Sunday reached a final agreement on the debt limit to avert a government default.
Congress must now approve of the final bill before the June 5 deadline.
“With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement on a deal to raise the nation’s debt ceiling, according to a person familiar with the situation.” the AP reported.
Many Republicans have announced they will be voting against the bill.
Many Republican lawmakers have announced they will vote against the Fiscal Responsibility Act, after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on the deal on Sunday with just days to spare before a potential first-ever government default.
Rep. Matt Rosendale, a Republican from Montana, confirmed in a statement that he would be voting against what he dubbed as the ‘Fiscal Irresponsibility Act’ as he said it failed to rein in federal spending.
He also said lawmakers who are intending to vote for the bill are insulting the American people by voting to add ‘$4 trillion to the existing $31 trillion national debt’.
Elsewhere within his party, Rep. Chip Roy from Texas called the agreement a ‘turd-sandwich’ and said he had spoken to a number of his colleagues who were not intending to vote on the agreement.
Rep. Ralph Norman, a member of the conservative House Freedom Caucus from South Carolina, called the deal ‘insanity’ and said he was ‘not gonna vote to bankrupt our country’.
Steve Bannon also blasted the bill calling it a “total surrender.”
Steve Bannon slammed House Speaker Kevin McCarthy’s deal with President Joe Biden to raise the country’s debt ceiling as a “total surrender” by Republicans.
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Some conservatives are speaking out against the agreement as McCarthy, a California Republican, aims to pass the bill in the sharply divided House of Representatives. Steve Bannon, a former strategist to former President Donald Trump, said he believes the deal will “condemn the United States to decades of lost economic growth” in an interview with Newsweek on Sunday morning.
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“This bill almost guarantees you $4 trillion with no cuts. It’s dead on arrival. Any Republican that votes for this—they should primary them because this is nothing but a set of small optics compared to the real problem,” he said. “The problem that this exacerbates the debt problem because it takes off any limits to what can be added to the debt ceiling. There’s no number, and we know it’s for two years.”
