House Republicans are facing an intra-party showdown this week as the chamber prepares to vote on a debt limit deal.
What's happening? The House is set to vote Wed. on a final bill to raise the debt ceiling before a default on June 5. (CNN)
Speaker Kevin McCarthy and Pres. Joe Biden reached a deal Sat. to raise the debt ceiling after weeks of failed talks. (CNN
Biden and McCarthy clashed for weeks over GOP proposals to raise the debt limit in exchange for spending cuts. (CNN)
The reason for the impasse? A GOP proposal to impose 20 hour per week work requirements for poverty programs. (CNN)
What's in the deal? The bill would suspend the $31.4T debt limit through Jan. 2025 in exchange for $136B+ in cuts. (CNN)
The bill caps discretionary spending through 2024 and limits future spending to 1% annual growth for six years. (CNN)
The bill also imposes new 20 hr/week work requirements for able-bodied adults age 50–54 on food stamps. (CNN)
Veterans, people who are homeless and former foster youth will be exempt from work requirements under the deal. (NYT)
What else? The new bill also ends Biden's freeze on student loan payments and blocks him from renewing the moratorium. (AP)
McCarthy is facing an intra-party revolt over the bill: several House Republicans have slammed the deal.
Members of the House Freedom Caucus held a press conference Tue., calling on Republicans to reject the bill.
Per CNN, some Republicans have floated ousting McCarthy if a majority of the GOP caucus vote against the bill.
Does he have the votes? McCarthy told reporters Tue. that he was confident that the bill would pass the House.
House Minority Leader Hakeem Jeffries confirmed Democratic support for the bill Tue.: "[We will] do our part."