Republicans ready debt ceiling bill amid new fears of June deadline

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Republicans ready debt ceiling bill amid new fears of June deadline
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GOP lawmakers seemed upbeat about a plan to couple a debt ceiling increase with spending cuts and other priorities — even as tensions simmered over the details.

The new timeline appears to put the party on an accelerated collision course with the White House, and it further raises the odds of a fiscal crisis, after a report from Goldman Sachs warned that Washington may have only until early June to take action and avert a catastrophic government default.

Republicans generally have supported McCarthy’s strategy, believing it could put new political pressure on Biden, who has called on Republicans to raise the debt ceiling without conditions. But there still emerged early, internal schisms around the finer details of McCarthy’s plan, complicating its path to swift passage in a chamber where his fractious party has only four votes to spare.

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