Barely Speaker Kevin McCarthy’s team has come up with a proposal to take to President Joe Biden in debt ceiling negotiations. That’s after they come to an agreement among themselves, which might be the hard part.
Bloomberg confirmed PunchBowl News’ reporting that an actual plan for discussion is in the works. It would lift the debt ceiling until May 2024, with the assumption that the Treasury could take measures to extend it until November, thus making sure it’s a major issue in the election. The strings they attach to that are going to prove unacceptable to the White House and Senate Democrats.
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