DIRS.INFO The most relevant business & tech news

However, it is not clear that even those bills can advance amid deep divisions within the House Republican conference. McCarthy is expected to face yet another test of his leadership on Tuesday as House GOP leadership has indicated that they plan to hold a procedural vote on a rule to advance those measures. The expected vote comes after hardliners tanked a similar procedural vote for a defense bill last week in a major embarrassment for the House GOP leaders. If they include Ukraine funding, GOP Sen. Rand Paul of Kentucky has threatened to slow down the bill’s passage. Legislative text of a Senate stopgap bill has not yet been formally unveiled.

Persons: Kevin McCarthy, McCarthy, tanked, Chuck Schumer, Mitch McConnell, there’s, GOP Sen, Rand Paul of, Schumer, we’ve, ”, ” McCarthy Organizations: CNN, Defense and Homeland Security, Republican, House Republican, GOP, Federal Aviation Administration, FAA Locations: Ukraine, Rand Paul of Kentucky

CNN —The House of Representatives is on track to vote Wednesday on a bill to suspend the nation’s debt limit through January 1, 2025, as lawmakers race to prevent a catastrophic default. The bipartisan debt limit deal struck between the White House and House Republicans was announced over the weekend – the culmination of long days and late nights of contentious negotiations that at times looked like they might breakdown and fall apart entirely. The effort to secure a debt limit deal has proven to be a major leadership test for both House Speaker Kevin McCarthy and Biden. Suspending the debt limit through 2025 takes the threat of default off table until after the presidential election. Before the House votes on final passage of the debt limit deal, the chamber must first vote to pass a rule setting parameters for floor debate.

Persons: Joe Biden, Chuck Schumer, Kevin McCarthy, Biden, –, McCarthy, “, ” McCarthy, Patrick McHenry Organizations: CNN, Senate, Treasury Department, White, House Republicans, Capitol, GOP, Democratic, Congressional, CBO

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. In a win for McCarthy, a key Republican said he expects to support a rule to set parameters for debate. The powerful House Rules Committee must still vote to adopt the rule, but with that anticipated support, it is now on track to do so — a hurdle that must be cleared before the bill can come to the House floor for a final vote. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill.

Persons: Kevin McCarthy, –, McCarthy, “, it’s, Thomas Massie, Massie, Chip Roy, Texas, Ralph Norman of, Carolina –, Roy, Norman, ” Massie, Glenn Beck, can’t, Jim Jordan, Ohio, he’s, McCarthy’s, ”, Patrick McHenry, ” McHenry, “ I’m, McHenry Organizations: CNN —, GOP, Treasury Department, CNN, Republican Locations: Kentucky, Carolina

Search resuls for: "Clare Foran Kristin Wilson Haley Talbot"

3 mentions found