CNN —House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership. But if you think I failed, I think you’re wrong,” McCarthy told GOP members of the debt limit deal Tuesday night behind closed doors. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. By contrast, the debt limit legislation passed by House Republicans in late April would have cut deficits by $4.8 trillion, according to the agency.

Source: CNN May 30, 2023 15:13 UTC