BREAKING NEWS: House votes today on McCarthy plan to raise debt ceiling, slash spending
Fox News senior congressional correspondent Chad Pergram has the latest on the standoff between Democrats and Republicans over the debt crisis on 'Your World.'
McCarthy told reporters he expected the vote to come today – but did not say whether he had 218 votes to get it over the line. With his razor-thin majority, McCarthy can afford to lose four GOP votes at most to still pass what's shaping up to be his largest test as Speaker yet. GOP leaders tweaked the bill overnight to assuage concerns from key Republican factions who appeared ready to oppose it on Tuesday. The changes would soften their repeal of biofuel tax credits – a significant concern for midwestern Republicans whose districts rely on ethanol production – and move the legislation’s planned activation of work requirements for federal benefits up from 2025 to 2024.
Rep. Randy Feenstra, R-Iowa, among the corn belt Republicans who met with McCarthy yesterday over his concerns, was a firm"yes" vote as of Wednesday morning, as was Rep. Derrick Van Orden, R-Wis."McCarthy is showing leadership. He listened to the conference," Van Orden told reporters when exiting Wednesday morning’s meeting.
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