8/13/2023 0 Comments Cancel freedom debt relief![]() In a clear win for Republicans, the deal would also expand work requirements for recipients of food stamps and direct cash payments. “These words on paper are totally meaningless if you read the fine print.” “The OMB director has sole waiver authority to spend if it’s ‘necessary for program delivery.’ So that one line wipes out PAYGO,” Ms. ![]() The legislation specifies, however, that the White House’s Office of Management and Budget can waive the new rule if it’s necessary for efficiency or the timely “delivery of essential services.” The bill further states that OMB’s waiver cannot be challenged by the courts. Biden to offset any rules or regulations that increase federal spending. The deal includes a pay-as-you-go provision requiring Mr. Biden have further agreed to streamline the federal permitting process for new energy projects. I absolutely wanted more, what we have here is better than what was about to come.” “With a narrow majority in the House, we have the most conservative outcome we possibly could,” Financial Services Committee Chair Patrick McHenry, North Carolina Republican, said. Biden‘s student-loan forgiveness program and rescind more than $200 billion in green energy tax credits that Democrats passed last year. House Republicans initially sought a $130 billion cut to non-defense spending this year and a decade’s worth of spending caps. After this year, federal spending growth would be capped at 1% through 2025. Defense spending is set to grow by more than $26 billion. The deal also keeps domestic spending flat for the upcoming fiscal year. McCarthy secured an immediate $1.4 billion cut to IRS funding and then the agreement to cut another $20 billion over the next two years through the appropriations process. In wins on the GOP side, the deal would claw back $40 billion in unspent coronavirus relief and slash IRS funding. ![]() Biden, who didn’t want another showdown before the 2024 presidential election. government to keep borrowing above the $31.4 trillion debt limit until January 1, 2025, which is a win for Mr. game isn’t worth selling out our kids and grandkids.” “I’m voting ‘no’ on the debt ceiling debacle because playing the D.C. “Republicans got outsmarted by a president who can’t find his pants,” Ms. Nancy Mace of South Carolina, who has publicly broken with her party on abortion and former President Donald Trump, said she could not support the deal because it does nothing to fix the national debt. The opposition is coming from not only hardline conservatives within the House Freedom Caucus, but also some moderate Republicans. Schumer, New York Democrat, and Senate Minority Leader Mitch Mitch McConnell, Kentucky Republican, voiced their support for the agreement.ĭespite the lobbying, more than two dozen House Republicans have announced their opposition to the deal, and another 40 are still on the fence. House Republicans, meanwhile, are working to sell the deal as the best possible outcome, given Democrats control the presidency and Senate.Īlso on Tuesday, Senate Majority Leader Charles E. Jeffries and the White House are working to allay concerns that the deal’s welfare work requirements and energy provisions are too onerous. Instead, the GOP and Democratic leadership are focused on actively whipping in favor of the debt-hike deal. McCarthy nor other congressional leaders are sweating the threat. “It would likely trigger an immediate motion to vacate.” Matt Gaetz, Florida Republican, told Newsmax. “If a majority of Republicans are against a piece of legislation and you use Democrats to pass it, that would immediately be a black-letter violation of the deal we had with McCarthy,” Rep. McCarthy can lose only four GOP lawmakers on any single House vote before having to rely on Democrats. Given the narrow Republican majority, Mr. The crux of the overhaul rests on a provision letting any lawmaker force a vote on retaining the speaker. McCarthy’s ascension, the group pushed through a rules package that decentralized the power of congressional leadership. Bishop said, while clarifying that the decision would need to be made in “conjunction with others.” Dan Bishop, North Carolina Republican, even signaled support for ousting the speaker over the deal.
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