One of the most significant reforms in House rules achieved by conservative Republicans (known as Never Kevins) last week was the promise that Republicans would not raise the debt ceiling until substantial budget reforms and spending cuts were achieved.
Tag: Debt ceiling
What Did McCarthy Promise The Never Kevins?
After 15 rounds of voting, the longest House speaker contest in 164 years, Kevin McCarthy has finally won the speakership of the House of Representatives. After a long, tumultuous, and occasionally violent journey, McCarthy became House speaker on Friday night, convening the 118th Congress.
Yellen Calls for the Nation’s Debt Limit to Be Raised
Treasury Secretary Janet L. Yellen urged Congress to raise the nation’s statutory debt limit to a level that would not be reached until after the 2024 election, thereby neutralizing the ability of Republicans to prevent the U.S. from paying its bills to gain Democratic concessions.