President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> signed a bill into law on Saturday to avoid a default on the federal government’s debt by raising the <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a>.
The bill, known as the Fiscal Responsibility Act, <a href="https://www.dailywire.com/news/senate-passes-debt-ceiling-bill-to-avert-default-ahead-of-x-date" target="_blank" rel="noopener">will suspend</a> the debt limit until January 2025 and implement restraints on spending that the Congressional Budget Office estimated would reduce budget deficits by $1.5 trillion over the next decade. 
“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid, and fulfilling our [sacred] obligation to our veterans,” Biden said on Twitter. “Now, we continue the work of building the strongest economy in the world.”
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I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid, and fulfilling our scared obligation to our veterans.   Now, we continue the work of building the strongest… <a href="https://t.co/42HIFBy8Y9">pic.twitter.com/42HIFBy8Y9</a>
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1665060615000322050?ref_src=twsrc%5Etfw">June 3, 2023</a></blockquote>
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The bill was hashed out through a deal between House Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA) and Biden. It passed both the House and the Senate with more Democrat votes in favor than Republican, with some conservative lawmakers saying that it didn’t cut down on spending enough. 
In the House, 149 Republicans joined 165 Democrats in <a href="https://www.dailywire.com/news/house-passes-mccarthy-biden-debt-ceiling-compromise-bill" target="_blank" rel="noopener">voting for</a> the bill, while in the Senate 17 Republicans joined 46 Democrats in supporting the measure. 
The bill was supported by leadership in both parties, including Senate Majority Leader Chuck Schumer and McCarthy in the House. 
“We prevented a catastrophic default that would have decimated our economy and [inflicted] immense pain on families,” Schumer <a href="https://twitter.com/SenSchumer/status/1664470685224140801" target="_blank" rel="noopener">tweeted</a>. “We preserved the lion’s share of the historic investments we made. We took off the table the worst parts of the MAGA Republican plan that would have hurt families.”
The bill was <a href="https://www.dailywire.com/news/a-disaster-republican-senators-voice-opposition-to-mccarthy-biden-debt-ceiling-deal" target="_blank" rel="noopener">strongly opposed</a> by many Republican senators, including Sen. Mike Lee (R-UT) and Sen. Rand Paul (R-KY). 
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“I think the Biden-McCarthy debt deal is a disaster for the country. It does not significantly change the trajectory of the debt. Each year we’ll spend more money and the debt will grow $4 trillion in two years. It’s not very conservative,” Paul <a href="https://www.kktv.com/video/2023/05/31/sen-rand-paul-reacts-deal-debt-ceiling/">told</a> reporters this week.
In the House, the bill was opposed by many in the House Freedom Caucus, who took issue with many aspects of the deal, including the provision that punts the debt ceiling into 2025. 
McCarthy declared the deal a win for conservatives. “Maybe it doesn’t do everything for everyone, but this is a step in the right direction that no one thought that we would be able to today,” <a href="https://www.dailywire.com/news/speaker-kevin-mccarthy-touts-wins-conservatives-secured-in-tentative-debt-ceiling-agreement" target="_blank" rel="noopener">McCarthy said</a>. “I’ll debate this bill with anybody. Is it everything I wanted? No, because we don’t control all of it. But it is the biggest rescission in history. It is the biggest cut Congress has ever voted for in that process.”

President Biden Addresses The Nation On Averting Default And The Bipartisan Budget Agreement

Biden Signs Bill To Increase Debt Ceiling, Avoid Federal Default

Debt Ceiling

Freedom Caucus

Joe Biden

Kevin McCarthy

National Debt

The Senate passed bipartisan legislation Thursday night that aims to avert a U.S. <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt default</a>.
After a series of amendments failed, the upper chamber voted 63-36 to send <a href="https://rules.house.gov/bill/118/hr-fiscal-responsibility-act" target="_blank" rel="noopener">The Fiscal Responsibility Act</a> to the White House where President Joe Biden is expected to sign the bill. Senate leaders quickly lauded the bill&#8217;s passage while taking shots at each other&#8217;s party.
&#8220;We prevented a catastrophic default that would have decimated our economy and [inflicted] immense pain on families,&#8221; <a href="https://twitter.com/SenSchumer/status/1664470685224140801" target="_blank" rel="noopener">tweeted</a> Senate Majority Leader Chuck Schumer (D-NY). &#8220;We preserved the lion’s share of the historic investments we made. We took off the table the worst parts of the MAGA Republican plan that would have hurt families.&#8221;
Senate Minority Leader Mitch McConnell (R-KY) released a <a href="https://www.republicanleader.senate.gov/newsroom/press-releases/senate-passes-bipartisan-debt-limit-agreement-" target="_blank" rel="noopener">statement</a> that said: “Thanks to House Republicans’ efforts, the Fiscal Responsibility Act avoids the catastrophic consequences of default and begins to curb Washington Democrats’ addiction to reckless spending that grows our nation’s debt.&#8221;
The legislation, which arose out of an agreement struck between White House officials and Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA), comes ahead of what has become known as the &#8220;X-date&#8221; on June 5, when Treasury Secretary Janet Yelen predicted reserves could run out.
The Treasury Department has been enacting “extraordinary measures” since earlier this year when the United States hit its statutory limit of roughly $31.4 trillion and warned of dire economic consequences if the country was unable to reach a deal to lift the debt ceiling.
The legislation <a href="https://www.nytimes.com/2023/05/29/business/debt-ceiling-agreement.html" target="_blank" rel="noopener">suspends the debt limit until January 2025</a> and implements restraints on spending that the Congressional Budget Office estimated would <a href="https://www.cbo.gov/system/files/2023-05/hr3746_Letter_McCarthy.pdf" target="_blank" rel="noopener">reduce budget deficits</a> by $1.5 trillion over the next decade. As noted by McConnell in his statement, the bill also begins &#8220;to reform the infrastructure permitting process, finally rescind unspent COVID dollars, and cut spending at the IRS.&#8221;
While the bill did receive a bipartisan consensus, as underscored by a <a href="https://www.dailywire.com/news/house-passes-mccarthy-biden-debt-ceiling-compromise-bill" target="_blank" rel="noopener">vote in the House on Wednesday</a> with more than 100 Republicans and Democrats each supporting the measure, there were detractors in both parties.
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Conservatives generally argued that the bill did not go far enough in reducing spending while leftist lawmakers pushed back on certain provisions, such as the <a href="https://thehill.com/homenews/house/4028920-progressives-vent-frustration-as-debt-limit-bill-nears-final-vote/" target="_blank" rel="noopener">expansion of some requirements for food stamps</a>.
&#8220;No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people,&#8221; Biden said in a statement Thursday evening.
The president said he looks forward to signing the bill into law &#8220;as soon as possible&#8221; and addressing the American people on Friday.

Chuck Schumer

Senate Passes Debt Ceiling Bill To Avert Default Ahead Of ‘X-Date’

Senate Passes Debt Ceiling Bill To Avert Default Ahead Of 'X-Date'

Congress

Mitch McConnell

Senate

U.S.

This week, Speaker of the House Kevin McCarthy (R-CA) and President Joe Biden cut a deal to raise the debt limit. The breakthrough came after three months of Biden pledging not to even negotiate over the debt limit. Instead, Biden was forced to concede to a 1% cap on increases for non-military spending, a cutback on IRS funding, a clawback of some unspent COVID allocations, and the addition of work requirements for some federal aid. The compromise deal was indeed far less than House Republicans had demanded, as Rep. Nancy Mace (R-SC) tweeted, “After factoring in a small cut to discretionary spending over the next 2 yrs, we are still talking about ~$6T more or less in spending bc of large increases in spending elsewhere….Govt grew massively over the past 3 years. This growth was supposed to be emergency funding only during COVID. During this time, govt grew 40% or by $2 trillion from 2019 to 2023. We went from spending just over $4T to spending just over $6T.”
Every word of that critique is true. Compared to conservative ideals, the compromise bill is indeed a flaming bag of fiscal manure. But conservative ideals weren’t on the table. Biden is the president. Sen. Chuck Schumer (D-NY) — thanks in large part to the tender 2020 ministrations of President Trump in the Georgia Senate runoffs and his further interference in the 2022 Senate races in Georgia, Arizona, New Hampshire, and Pennsylvania — is still the Senate majority leader. This means that Republicans were never going to get a big win on budgetary matters.
For that matter, Republicans couldn’t even get a big win on budgetary matters from 2016 to 2018, when they controlled both houses of Congress and Trump was actually president. In fact, Trump campaigned in 2016 against changes to entitlement programs, which represent the biggest driver of our national spending addiction — some 62% of federal spending annually. Combine that spending with 10% of our spending on net interest and another 13% or so on defense spending, and the discretionary outlays at issue represent under $1 trillion. That’s a lot of money, to be sure, but making serious cuts to that number would still put our budget in the $5 trillion range.
The reality is that our budgetary debates are generally about shifting deck chairs on the fiscal Titanic. By 2053, we will be dedicating in excess of 21% of our national budget to debt service alone. Mandatory spending will constitute 58% of our spending. We aren’t going to cut our way out of this problem by targeting discretionary spending in the main.
But nobody will touch the real drivers of our budgetary bloat and economic stagnation — Social Security, Medicare, and Medicaid. To do so would risk the wrath of entrenched interests in the United States. So instead, we’ll simply increase the size and scope of federal spending, placing an unsustainable burden on our economy, then eventually mandating vastly increased taxes or serious austerity measures. There is no third path forward.
Our politicians know this. But they’re in the business of kicking cans down the road while posturing over the placement of the deck chairs. The iceberg looms, but their re-election efforts rely almost completely on ignoring its presence as we bear down, full speed, on our fiscal doom.

Ben Shapiro 2

Our Fake Spending Debates

Ben Shapiro

Biden Administration

Federal Government

Readers Pass

On Wednesday, Georgia Rep. Marjorie Taylor Greene said three news media outlets received footage from the U.S. Capitol riot that took place on January 6, 2021, in an effort to bring more transparency about what happened that day to the American people.
According to Greene, House Speaker Kevin McCarthy (R-CA) released &#8220;unfettered access&#8221; of the Capitol security footage to investigative journalist and Just the News founder John Solomon, senior writer for American Greatness Julie Kelly, and an unidentified third news outlet.
&#8220;This is the transparency the American people deserve and I look forward to their reporting!&#8221; Greene tweeted.
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I’m excited to share the good news that just as I promised the J6 tapes are being released!<a href="https://twitter.com/SpeakerMcCarthy?ref_src=twsrc%5Etfw">@SpeakerMcCarthy</a> has given <a href="https://twitter.com/jsolomonReports?ref_src=twsrc%5Etfw">@jsolomonReports</a>, <a href="https://twitter.com/julie_kelly2?ref_src=twsrc%5Etfw">@Julie_kelly2</a>, and a third outlet unfettered access to the J6 tapes, and their reporting on it starts tomorrow.
This is the transparency the…
&mdash; Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) <a href="https://twitter.com/RepMTG/status/1663972434834235393?ref_src=twsrc%5Etfw">May 31, 2023</a></blockquote>
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McCarthy first announced he would unleash more than 40,000 hours of security footage from the Capitol riot to networks earlier this year to counter the &#8220;politicization&#8221; he believes had been fostered by former House Speaker Nancy Pelosi (D-CA) and the January 6th Committee.
&#8220;We will slowly roll out to every individual news agency,&#8221; McCarthy told Fox News in March. &#8220;They can come see the tapes as well. Let everyone see them to bring their own judgment.&#8221;
McCarthy first gave the exclusive surveillance footage to former Fox News host Tucker Carlson, who reported several tapes showing two Capitol police officers escorting Jacob Chansley, known as the &#8220;QAnon Shaman,&#8221; throughout the building.
Prosecutors <a href="https://www.dailywire.com/news/qanon-shaman-jacob-chansley-released-from-prison" target="_blank" rel="noopener">charged</a> Chansley with multiple crimes, but he ultimately pleaded guilty to one felony charge of obstructing an official proceeding, and in November 2021 <a class="editor-rtfLink" href="https://www.politico.com/news/2021/11/17/qanon-shaman-jacob-chansley-sentence-522807" target="_blank" rel="noopener">he was sentenced to 41 months in prison</a>.
Authorities have since released Chansley from prison and relocated him to a reentry management facility in Phoenix, where he was held until May 25.
Carlson also released footage of Capitol Police officer Brian Sicknick that he claims was taken &#8220;after he was supposedly murdered by the mob outside,&#8221; raising questions about other now-retracted claims from outlets, including an initial report from The New York Times that claimed rioters killed Sicknick after striking him in the head with a fire extinguisher.
The newspaper later retracted the report after an autopsy found that he died from a stroke the following day.
Capitol Police officials said the video Carlson&#8217;s show aired was not put in proper context and that the police seen near Chansley were trying to de-escalate what would become a dangerous situation. 
Senate Majority Leader Chuck Schumer called from the Senate floor for Fox News founder Rupert Murdoch to pull Carlson off the air, and reporters from several sites hounded McCarthy for giving Carlson&#8217;s team access to the video.
More than two years after the riot, Americans have called on lawmakers to release the footage to the public, expressing concerns over how media outlets curate the timeline of events.
Kelly, who has been covering the January 6 investigation since the riot occurred, denounced the idea of a public release as &#8220;counterproductive.&#8221;
&#8220;I do not see how this is possible,&#8221; she <a href="https://twitter.com/julie_kelly2/status/1663984403930857488" target="_blank" rel="noopener">tweeted</a>. &#8220;The system is overwhelming — it&#8217;s not something you can just put on the internet. And yes, you need curators who know the timeline of events, locations, etc to give clips context.&#8221;
&#8220;Making all of it public isn&#8217;t just impossible right now but counterproductive in terms of impact,&#8221; she added. &#8220;Trust us.&#8221; 
According to Greene, reporting from the latest round of journalists with access to the Capitol riot footage begins on June 1.

US-POLITICS-ELECTION-TRUMP

Marjorie Taylor Greene Announces New Round Of Journalists Receive ‘Unfettered Access’ To J6 Tapes

Marjorie Taylor Greene Announces New Round Of Journalists Receive 'Unfettered Access' To J6 Tapes

House Speaker

January 6

Marjorie Taylor Greene

As a deal hashed out between President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> and House Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA) to avoid a U.S. debt default makes its way through <a href="https://www.dailywire.com/topic/congress" target="_blank" rel="noopener">Congress</a>, several Republican senators have already come out against the bill, saying that it does not go far enough to cut spending. 
Those opposed to the deal, known as the <a href="https://rules.house.gov/bill/118/hr-fiscal-responsibility-act" target="_blank" rel="noopener">Fiscal Responsibility Act</a>, include Sen. Rand Paul (R-KY), Sen. Ted Cruz (R-TX), Sen. Josh Hawley (R-MO), and Sen. Mike Lee (R-UT), while others have expressed concerns about the bill in its current form. 
“I think the Biden-McCarthy debt deal is a disaster for the country. It does not significantly change the trajectory of the debt. Each year we’ll spend more money and the debt will grow $4 trillion in two years. It’s not very conservative,” Paul <a href="https://www.kktv.com/video/2023/05/31/sen-rand-paul-reacts-deal-debt-ceiling/" target="_blank" rel="noopener">told</a> reporters this week. 
Paul added that he planned on introducing a “conservative alternative” to the deal, which <a href="https://www.paul.senate.gov/dr-rand-paul-announces-conservative-alternative-to-biden-mccarthy-debt-deal/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20U.S.,responsible%20reforms%20and%20necessary%20cuts." target="_blank" rel="noopener">would implemen</a>t a $500 billion hike on the debt ceiling to allow Congress more time to negotiate, put caps on total spending, and mandate that increases in federal outlays cannot exceed increases in federal revenue. 
Lee previously <a href="https://twitter.com/BasedMikeLee/status/1661716721575804928" target="_blank" rel="noopener">promised</a> to use any procedural tool necessary to “impede” a debt ceiling deal that he believed did not cut spending enough, and he has voiced opposition to the agreement as it currently stands. 
“I believe McCarthy was misled, not malicious in signing onto this deal. But the deal simply does not do what its proponents claim it does — not even close. It’s time to go back to the drawing board or, even better, go back to what the House already passed,” Lee <a href="https://twitter.com/BasedMikeLee/status/1663666847697207296" target="_blank" rel="noopener">said</a>. 
Cruz <a href="https://twitter.com/tedcruz/status/1662883736386404352" target="_blank" rel="noopener">referred</a> to the deal as a “blank check” for Biden, saying that it gave Democrats “$4 trillion things” that they wanted. Hawley <a href="https://www.kansascity.com/news/politics-government/article275902901.html" target="_blank" rel="noopener">told</a> the Kansas City Star that he opposed the deal because it didn’t address America’s trade deficit with China. 
“I think until we get serious about that, we can talk about fiddling with this or that set of numbers but until we get serious about really correcting that imbalance and bringing back jobs and industry, we’re not going to make the change that we need to see,” he said. 
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Meanwhile, Ohio Republican Senator J.D. Vance <a href="https://twitter.com/JDVance1" target="_blank" rel="noopener">said</a> he was a “firm no” to the proposal in its current form, and South Carolina Republican Senator Lindsey Graham <a href="https://twitter.com/LindseyGrahamSC/status/1663245067509694477?s=20" target="_blank" rel="noopener">expressed</a> concern over spending cuts in the deal. 
The McCarthy-Biden agreement <a href="https://www.cbsnews.com/news/debt-ceiling-bill-house-rules-committee-vote/" target="_blank" rel="noopener">advanced past</a> the House Rules Committee in a 7-6 vote on Tuesday afternoon, with key conservatives Rep. Chip Roy (R-TX) and Rep. Ralph Norman (R-SC) voting against and Rep. Thomas Massie (R-KY) voting in favor. 
House leadership has expressed confidence that they will have enough votes to get the deal through the lower chamber though it will face opposition from members of the House Freedom Caucus, meaning it will likely require Democrat votes to pass.
McCarthy has acknowledged the bill&#8217;s detractors but said it was the best they could do with a Democrat-controlled Senate and presidency.
“Maybe it doesn’t do everything for everyone, but this is a step in the right direction that no one thought that we would be able to today,” <a href="https://www.dailywire.com/news/speaker-kevin-mccarthy-touts-wins-conservatives-secured-in-tentative-debt-ceiling-agreement" target="_blank" rel="noopener">McCarthy said</a>. “I’ll debate this bill with anybody. Is it everything I wanted? No, because we don’t control all of it. But it is the biggest rescission in history. It is the biggest cut Congress has ever voted for in that process.”

Senate Homeland Security and Governmental Affairs Committee

‘A Disaster’: Republican Senators Voice Opposition To McCarthy-Biden Debt Ceiling Deal

Republican Senators Voice Opposition To McCarthy-Biden Debt Ceiling Deal

JD Vance

Josh Hawley

Lindsey Graham

Mike Lee

Politics

Rand Paul

<a href="https://www.dailywire.com/topic/u-s-house-of-representatives" target="_blank" rel="noopener">House</a> Oversight Chairman James Comer (R-KY) announced Tuesday he will move forward with holding <a href="https://www.dailywire.com/topic/fbi" target="_blank" rel="noopener">FBI</a> Director <a href="https://www.dailywire.com/topic/christopher-wray" target="_blank" rel="noopener">Christopher Wray</a> in contempt of Congress.
The top GOP lawmaker<a href="https://twitter.com/RepJamesComer/status/1663646523182252033" target="_blank" rel="noopener"> announced in an afternoon statement</a> that the bureau failed to comply with his subpoena requesting documentation believed to contain allegations of a <a href="https://www.grassley.senate.gov/news/news-releases/comer-and-grassley-on-fbi-failing-to-comply-with-subpoena-deadline" target="_blank" rel="noopener">criminal &#8220;bribery&#8221; scheme</a> involving President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a>.
“Today, the FBI informed the Committee that it will not provide the unclassified documents subpoenaed by the Committee,&#8221; Comer said. &#8220;The FBI’s decision to stiff-arm Congress and hide this information from the American people is obstructionist and unacceptable.&#8221;
Though Comer noted that he has a call with Wray scheduled for Wednesday, the chairman stressed the House Oversight Committee &#8220;has been clear in its intent to protect Congressional oversight authorities and will now be taking steps to hold the FBI Director in contempt of Congress for refusing to comply with a lawful subpoena.&#8221;
The chairman said whistleblower disclosures led him and Sen. Chuck Grassley (R-IA) to <a href="https://www.grassley.senate.gov/news/news-releases/comer-and-grassley-on-fbi-failing-to-comply-with-subpoena-deadline" target="_blank" rel="noopener">believe</a> the Department of Justice (DOJ) and FBI have an unclassified FD-1023 form describing the alleged scheme involving Biden, dating back to his time as vice president, and a foreign national. Comer <a href="https://oversight.house.gov/release/comer-grassley-blast-fbi-for-refusing-to-provide-subpoenaed-record-alleging-then-vp-biden-engaged-in-a-bribery-scheme/" target="_blank" rel="noopener">initially sent the subpoena</a> on May 3 with a May 10 deadline, but later extended it to Tuesday.
This particular FD-1023 form may reference some variant of &#8220;five million&#8221; and &#8220;June 30, 2020,&#8221; Comer <a href="https://www.dailywire.com/news/comer-puts-dollar-amount-on-alleged-biden-bribery-scheme" target="_blank" rel="noopener">wrote in a letter to Wray last week</a>. &#8220;These terms relate to the date on the FD-1023 form and its reference to the amount of money the foreign national allegedly paid to receive the desired policy outcome,&#8221; he added.
The FBI responded to Comer in a letter, which was <a href="https://www.politico.com/f/?id=00000188-6e83-d191-afc8-6edf85000000" target="_blank" rel="noopener">published by POLITICO</a>, saying in part that officials at the bureau have &#8220;identified additional information that we are prepared to offer the Committee as an extraordinary accommodation.&#8221;
Wray &#8220;looks forward to discussing how we plan to make that information available to the Committee during your call tomorrow,&#8221; said acting Assistant Director for Congressional Affairs Christopher Dunham.
The FBI additionally provided a statement to The Daily Wire responding to Comer&#8217;s statement.
“The FBI remains committed to cooperating with the Committee in good faith. In a letter to Chairman Comer earlier today, the FBI committed to providing access to information responsive to the Committee’s subpoena in a format and setting that maintains confidentiality and protects important security interests and the integrity of FBI investigations,&#8221; the FBI said.
&#8220;Last week, Director Wray scheduled a telephone call for tomorrow to provide additional details of the FBI’s extraordinary accommodation to satisfy the subpoena request,&#8221; the FBI added. &#8220;Any discussion of escalation under these circumstances is unnecessary.&#8221;
Although Comer has not publicly identified a country linked to the matter, the date he divulged lands on the calendar about two weeks after <a href="https://www.reuters.com/article/us-ukraine-corruption-probe/ukraine-alleges-5-million-bribe-over-burisma-no-biden-link-idUSKBN23K0KI" target="_blank" rel="noopener">Ukrainian officials announced</a> there had been a $5 million bribe aimed at ending an investigation into the founder of Burisma Holdings, the same Ukrainian gas company at which Biden’s son, Hunter, served on the board for several years.
As congressional Republicans have raised concerns about members of the Biden family being involved in <a href="https://oversight.house.gov/release/comer-reveals-new-evidence-in-biden-familys-influence-peddling-schemes%EF%BF%BC/" target="_blank" rel="noopener">influence peddling schemes</a> linked to countries around the world, Democrats have accused their GOP counterparts of ignoring alleged misconduct by former President Donald Trump while trying to <a href="https://www.dailywire.com/news/republicans-raise-alarm-about-biden-family-after-treasury-visit" target="_blank" rel="noopener">dig up “dirt”</a> on the Bidens.
The White House has also shot back at Republicans in Congress. “House Republicans have shown no evidence of any policy decisions influenced by anything other than U.S. national interests,” <a href="https://twitter.com/IanSams46/status/1656292595482480640" target="_blank" rel="noopener">tweeted</a> White House spokesperson Ian Sams earlier this month. “That’s because they can’t.”
The FBI says FD-1023 forms are filled out to record claims from confidential human sources. Even after McCarthy <a href="https://www.dailywire.com/news/mccarthy-expects-fbi-to-share-file-on-biden-bribery-allegations" target="_blank" rel="noopener">spoke over the phone</a> with Wray earlier this month, lawmakers said the bureau resisted acknowledging the particular file they seek even exists. Publicly, the bureau has generally cautioned against disclosing unverified information from informants.
&#8220;The FBI remains committed to cooperating with Congress’s oversight requests on this matter and others as we always have, and we continue to be in touch with members of Congress regarding this request,&#8221; the FBI told The Daily Wire on Tuesday. &#8220;The FBI’s mission is to protect the American people. Releasing confidential source information could potentially jeopardize investigations and put lives at risk.&#8221;
House Speaker Kevin McCarthy (R-CA) addressed confidentiality issues in a <a href="https://hughhewitt.com/house-speaker-kevin-mccarthy-on-the-debt-limit-deal-and-the-looming-contempt-charge-for-fbi-director-christopher-wray/" target="_blank" rel="noopener">separate interview with radio host Hugh Hewitt</a>. &#8220;If there’s a concern about methods or areas of how we get it, redact names so we don’t see that. But you’ve got to show the document,&#8221; he said.
McCarthy also <a href="https://www.dailywire.com/news/mccarthy-prepared-to-hold-fbi-director-in-contempt" target="_blank" rel="noopener">made it clear</a> on Tuesday that he has Comer&#8217;s back in demanding the document and holding Wray in contempt. &#8220;Today is the deadline for him to act,&#8221; the speaker said.&#8221; If he does not act, he’s not above the law. He’s not above Congress. And we will hold him in contempt. Now I want to be very clear about that.&#8221;
If the House, which is narrowly controlled by Republicans, were to <a href="https://www.americanbar.org/news/abanews/aba-news-archives/2019/06/house-panel-contempt-efforts/" target="_blank" rel="noopener">approve a criminal contempt referral</a> to the DOJ, Wray could face a fine and up to a year&#8217;s imprisonment if federal prosecutors take up the case. There are also other forms of recourse, including civil enforcement, <a href="https://www.americanbar.org/news/abanews/aba-news-archives/2019/06/house-panel-contempt-efforts/" target="_blank" rel="noopener">according to the American Bar Association</a>. As Republicans become increasingly wary of the FBI, with suspicions fueled by the recently released report by special counsel John Durham, some lawmakers are also talking about <a href="https://www.dailywire.com/news/nothing-is-off-the-table-jim-jordan-outlines-response-to-durham-report" target="_blank" rel="noopener">defunding the agency</a>.
&#8220;Americans deserve the truth, and the Oversight Committee will continue to demand transparency from this nation’s chief law enforcement agency,&#8221; Comer said in his statement on Tuesday.

Chairman James Comer

Comer Says FBI Defied Subpoena, Will Move Forward With Contempt

Christopher Wray

contempt

James Comer

As many as 20 House Republicans oppose the <a href="https://www.dailywire.com/news/nancy-mace-is-a-no-on-debt-ceiling-deal-outsmarted-by-a-president-who-cant-find-his-pants" target="_blank" rel="noopener">deal hashed out</a> between the White House and Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA) to avoid a U.S. debt default.
Leading the GOP charge against the compromise, which would <a href="https://www.nytimes.com/2023/05/29/business/debt-ceiling-agreement.html" target="_blank" rel="noopener">suspend the debt limit until January 2025</a> in exchange for various restraints on spending, was the conservative House Freedom Caucus, which views the agreement as being too watered down. Their opposition, if it holds, means a bipartisan vote will be necessary for passage as Republicans hold a narrow majority in the lower chamber.
&#8220;This deal fails, fails completely,&#8221; Rep. Scott Perry (R-PA), chairman of the House Freedom Caucus, said <a href="https://twitter.com/FreedomWorks/status/1663583530096394245" target="_blank" rel="noopener">at a press conference</a> outside the U.S. Capitol on Tuesday. &#8220;We will do everything in our power to stop it and end it now,&#8221; he also said.
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⚠️ DEBT CEILING DEAL: &quot;Not one Republican should vote for this deal. It is a bad deal. No one sent us here to borrow an additional $4 trillion to get absolutely nothing in return.&quot; <a href="https://twitter.com/RepChipRoy?ref_src=twsrc%5Etfw">@RepChipRoy</a> <a href="https://twitter.com/hashtag/ampFW?src=hash&amp;ref_src=twsrc%5Etfw">#ampFW</a> <a href="https://t.co/T5lHIWpKRQ">pic.twitter.com/T5lHIWpKRQ</a>
&mdash; FreedomWorks (@FreedomWorks) <a href="https://twitter.com/FreedomWorks/status/1663583530096394245?ref_src=twsrc%5Etfw">May 30, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;Not one Republican should vote for this deal,&#8221; said Rep. Chip Roy (R-TX), another member of the group. &#8220;No one sent us here to borrow an additional $4 trillion to get absolutely nothing in return,&#8221; he added.
Roy said McCarthy&#8217;s deal with the White House &#8220;at best, if I&#8217;m being really generous&#8221; offers &#8220;a spending freeze for a couple years.&#8221;
A third member opposed to the deal, Rep. Dan Bishop (R-NC), put his fellow GOP colleagues on notice. &#8220;This is a career-defining vote for every Republican,&#8221; he said.
Bishop also floated the use of the <a href="https://twitter.com/casssemyon/status/1663590752994066441" target="_blank" rel="noopener">motion to vacate the chair</a>. Under the current House rules, only one member is required to force a vote that could remove the speaker, however, a simple majority is needed for it to succeed.
<a href="https://rules.house.gov/bill/118/hr-fiscal-responsibility-act" target="_blank" rel="noopener">The Fiscal Responsibility Act</a>, the text of which is <a href="https://www.govinfo.gov/content/pkg/BILLS-118hr3746ih/xml/BILLS-118hr3746ih.xml" target="_blank" rel="noopener">available online</a>, arose out of an <a href="https://fortune.com/2023/05/27/biden-mccarthy-debt-ceiling-agreement-in-principle-work-requirement-food-stamps/" target="_blank" rel="noopener">&#8220;agreement in principle&#8221;</a> reached between President Joe Biden and McCarthy over the weekend after weeks of negotiations. The legislation faces its first major test in the House Rules Committee on Tuesday where already dozens of amendments have been <a href="https://twitter.com/Olivia_Beavers/status/1663620059548221441" target="_blank" rel="noopener">offered by Republicans and Democrats alike</a>.
Barring any surprise hold-ups in the rules panel, a full House vote could happen as soon as Wednesday. At least 20 Republicans have rejected the deal, <a href="https://www.cnbc.com/2023/05/30/debt-ceiling-deal-updates.html" target="_blank" rel="noopener">according to CNBC</a>, which means several Democrats will need to get on board for the compromise to advance if the GOP holdouts do not change their stance.
While there has been some <a href="https://www.dailymail.co.uk/news/article-12133525/Rep-Jayapal-Dem-leadership-worry-progressives-supporting-Bidens-debt-ceiling-deal.html" target="_blank" rel="noopener">dismay voiced</a> within leftist circles about the agreement, House Minority Leader Hakeem Jeffries (D-NY) said on Tuesday that Democrats will be watching whether the GOP can muster at least 150 votes, which would be about two-thirds of their conference. &#8220;Democrats are committed to making sure that we do our part and avoid a default,&#8221; <a href="https://www.cnn.com/politics/live-news/us-debt-ceiling-deadline-talks-05-30-23/h_6ed28d53e3df5b68a5b6265b2eee2c4d" target="_blank" rel="noopener">he added</a>, per CNN.
If the legislation passes the lower chamber, the bill also needs to be approved by the Democrat-led Senate before reaching Biden for a signature. Senate Majority Leader Chuck Schumer (D-NY) <a href="https://www.cnn.com/politics/live-news/us-debt-ceiling-deadline-talks-05-30-23/h_beca69fb76b60e8b0ffaea0f6d90675a" target="_blank" rel="noopener">said</a> he supports the bipartisan agreement between the White House and McCarthy.
Leaders in Congress have been scrambling to come up with a deal as Treasury Secretary Janet Yellen issued multiple warnings about how the United States may not be able to meet all its financial obligations <a href="https://www.wsj.com/articles/could-the-u-s-default-on-june-5-it-depends-2341a695" target="_blank" rel="noopener">as early as the first part of June</a>.
The Treasury Department said it has been enacting “extraordinary measures” since earlier this year when the United States hit its statutory limit of roughly $31.4 trillion, and has warned of dire economic consequences if the country is unable to reach a deal to lift the debt ceiling.
Certain House Republicans, including <a href="https://twitter.com/CoryMillsFL/status/1663524101409964034" target="_blank" rel="noopener">Cory Mills (R-FL)</a> and <a href="https://twitter.com/RepRussellFry/status/1663606024476020736" target="_blank" rel="noopener">Russell Fry (R-SC)</a>, lamented the apparent death of <a href="https://www.dailywire.com/news/gop-led-house-passes-mccarthys-plan-to-raise-debt-limit" target="_blank" rel="noopener">the Limit, Save, Grow Act of 2023</a>, a bill the GOP-led House passed last month that would allow the limit to be lifted by $1.5 trillion in exchange for spending cuts and reforms, in favor of a thinned-out compromise.
Perry tweeted out a comparison graph which described McCarthy&#8217;s agreement with Biden as a &#8220;&#8216;deal&#8217; with the Swamp.&#8221;
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<a href="https://twitter.com/hashtag/NoDeal?src=hash&amp;ref_src=twsrc%5Etfw">#NoDeal</a> <a href="https://t.co/TUk2lfuPnb">pic.twitter.com/TUk2lfuPnb</a>
&mdash; RepScottPerry (@RepScottPerry) <a href="https://twitter.com/RepScottPerry/status/1663577526717890562?ref_src=twsrc%5Etfw">May 30, 2023</a></blockquote>
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Rep. Lauren Boebert (R-CO) <a href="https://twitter.com/RepBoebert/status/1663609503693131776" target="_blank" rel="noopener">said</a> she did not &#8220;come to Congress to rubber-stamp bankrupting our country,&#8221; and Rep. Byron Donalds (R-FL) <a href="https://twitter.com/FreedomWorks/status/1663608145799704577" target="_blank" rel="noopener">called out</a> what he described as a &#8220;crap deal that&#8217;s going to put you more in debt with no real changes whatsoever.&#8221;
Rep. Nancy Mace (R-SC) said the debt ceiling agreement would be &#8220;<a href="https://www.dailywire.com/news/nancy-mace-is-a-no-on-debt-ceiling-deal-outsmarted-by-a-president-who-cant-find-his-pants" target="_blank" rel="noopener">a wash, spending-wise</a>&#8221; because the “small cut” to discretionary spending will be eclipsed by “large increases in spending elsewhere.”

Chip Roy of Freedom Caucus Speaks

Band Of House Republicans Stand Against Debt Ceiling Deal

Chip Roy

<a href="https://www.dailywire.com/topic/u-s-house-of-representatives" target="_blank" rel="noopener">House</a> Speaker <a href="https://www.dailywire.com/topic/kevin-mccarthy" target="_blank" rel="noopener">Kevin McCarthy</a> (R-CA) on Tuesday threatened a vote to hold <a href="https://www.dailywire.com/topic/fbi" target="_blank" rel="noopener">FBI</a> Director <a href="https://www.dailywire.com/topic/christopher-wray" target="_blank" rel="noopener">Christopher Wray</a> in contempt of Congress.
The warning aims to end a weeks-long standoff between the bureau and House Oversight Chairman <a href="https://www.dailywire.com/topic/james-comer" target="_blank" rel="noopener">James Comer</a> (R-KY), who issued a subpoena with a final deadline set for May 30 over a document believed to contain allegations of a <a href="https://www.grassley.senate.gov/news/news-releases/comer-and-grassley-on-fbi-failing-to-comply-with-subpoena-deadline" target="_blank" rel="noopener">criminal &#8220;bribery&#8221; scheme</a> involving President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a>.
&#8220;Let me tell Director Christopher Wray right here, right now. If he misses the deadline today, I am prepared to move contempt charges in Congress against him,&#8221; McCarthy said during an appearance on Fox News.
&#8220;We have jurisdiction over this. He can send us that document,&#8221; McCarthy added. &#8220;We have the right to look at that, Republicans and Democrats alike in that committee. And if he does not follow through with the law, we will move contempt charges against Wray and the FBI. They are not above the law.&#8221;
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I have a message for FBI Director Christopher Wray: If he misses today&#39;s deadline to turn over subpoenaed documents to Congress, I am prepared to move contempt charges against him. <a href="https://t.co/D3hyW3VIpX">pic.twitter.com/D3hyW3VIpX</a>
&mdash; Kevin McCarthy (@SpeakerMcCarthy) <a href="https://twitter.com/SpeakerMcCarthy/status/1663543994998231040?ref_src=twsrc%5Etfw">May 30, 2023</a></blockquote>
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Comer says whistleblower disclosures led him and Sen. Chuck Grassley (R-IA) to <a href="https://www.grassley.senate.gov/news/news-releases/comer-and-grassley-on-fbi-failing-to-comply-with-subpoena-deadline" target="_blank" rel="noopener">believe</a> the DOJ and FBI have an unclassified FD-1023 form describing the alleged scheme involving Biden, dating back to his time as vice president, and a foreign national.
This particular FD-1023 form may reference some variant of &#8220;five million&#8221; and &#8220;June 30, 2020,&#8221; Comer <a href="https://www.dailywire.com/news/comer-puts-dollar-amount-on-alleged-biden-bribery-scheme" target="_blank" rel="noopener">wrote in a letter to Wray last week</a>. &#8220;These terms relate to the date on the FD-1023 form and its reference to the amount of money the foreign national allegedly paid to receive the desired policy outcome,&#8221; he added.
The FBI says FD-1023 forms are filled out to record claims from confidential human sources. Even after McCarthy spoke over the phone with Wray a couple of weeks back, lawmakers said the bureau resisted acknowledging the particular file they seek even exists. Publicly, the bureau has generally cautioned against disclosing unverified information from informants.
&#8220;The FBI remains committed to cooperating with Congress’s oversight requests on this matter and others as we always have, and we continue to be in touch with members of Congress regarding this request,&#8221; the FBI told The Daily Wire on Tuesday. &#8220;The FBI’s mission is to protect the American people. Releasing confidential source information could potentially jeopardize investigations and put lives at risk.&#8221;
<a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-87507">CLICK HERE TO GET THE DAILY WIRE APP</a>
McCarthy addressed confidentiality issues in a <a href="https://hughhewitt.com/house-speaker-kevin-mccarthy-on-the-debt-limit-deal-and-the-looming-contempt-charge-for-fbi-director-christopher-wray/" target="_blank" rel="noopener">separate interview with radio host Hugh Hewitt</a> on Tuesday. &#8220;If there’s a concern about methods or areas of how we get it, redact names so we don’t see that. But you’ve got to show the document,&#8221; he said.
If the House, which is narrowly controlled by Republicans, were to <a href="https://www.americanbar.org/news/abanews/aba-news-archives/2019/06/house-panel-contempt-efforts/" target="_blank" rel="noopener">approve a criminal contempt referral</a> to the Department of Justice (DOJ), Wray could face a fine and up to a year&#8217;s imprisonment if federal prosecutors take up the case. There are also other forms of recourse, including civil enforcement, <a href="https://www.americanbar.org/news/abanews/aba-news-archives/2019/06/house-panel-contempt-efforts/" target="_blank" rel="noopener">according to the American Bar Association</a>.

McCarthy ‘Prepared’ To Hold FBI Director In Contempt

McCarthy 'Prepared' To Hold FBI Director In Contempt

Many top conservatives slammed the bipartisan agreement reached between President <a href="https://www.dailywire.com/topic/joe-biden">Joe Biden</a> and House Speaker Kevin McCarthy over the weekend that is expected to prevent the U.S. from defaulting on its debt.
While the details of the agreement are still being ironed out, and congressional leaders still have to convince their Members to vote for it, some of the top Republicans in Washington, D.C., are not happy with the agreement.
&#8220;There are members of the GOP claiming Democrats got nothing from the &#8216;deal.&#8217; Oh really? 1) An uncapped debt ceiling with an expiration date &#8211; worth approximately $4 trillion…? 2) basically no cuts &#8211; a freeze at bloated 2023 spending level?&#8221; Rep. Chip Roy (R-TX), a House Freedom Caucus member, tweeted. &#8220;ZERO claw back of the $1.2 Trillion &#8216;inflation reduction act&#8217; crony giveaways to elite leftists for grid-destroying unreliable energy…? 4) 98% of the IRS expansion left fully in place…? 5) no work requirements for Medicaid? &#8211; &amp; only age adjustments for TANF/SNAP…?&#8221;
&#8220;No REINS act statutory requirement for congress to approve huge regulations &#8211; just an &#8216;administrative&#8217; paygo that the administration will get to enforce? 7) No border security!! &#8211; &amp; a deal allowing them to avoid policy riders in the fall… 8) more…&#8221; he added.
Sen. Mike Lee (R-UT) responded, &#8220;With Republicans like these, who needs Democrats?&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
With Republicans like these, who needs Democrats? <a href="https://t.co/EFpSkh2N8q">https://t.co/EFpSkh2N8q</a>
&mdash; Mike Lee (@BasedMikeLee) <a href="https://twitter.com/BasedMikeLee/status/1662815021108441088?ref_src=twsrc%5Etfw">May 28, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Sen. Rand Paul (R-KY) echoed Lee&#8217;s tweet, writing: &#8220;Fake conservatives agree to fake spending cuts. Deal will increase mandatory spending ~5%, increase military spending ~3%, and maintain current non-military discretionary spending at post-COVID levels. No real cuts to see here. Conservatives have been sold out once again!&#8221;
Sen. Ted Cruz (R-TX) responded to the following quote from McCarthy: &#8220;Right now, the Democrats are very upset. The one thing [Hakeem Jeffries] told me, there is nothing in the bill for them – there is not one thing in the bill for Democrats.&#8221;
&#8220;He’s right. There’s not &#8216;one thing&#8217; for Dems. There are $4 trillion things—a blank check—for Democrats,&#8221; Cruz responded. &#8220;Plus 87,000 things: new IRS agents to harass Americans. All in exchange for eliminating virtually ALL of the House’s spending cuts.&#8221;
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He’s right. There’s not “one thing” for Dems.
There are $4 trillion things—a blank check—for Democrats. 
Plus 87,000 things: new IRS agents to harass Americans.
All in exchange for eliminating virtually ALL of the House’s spending cuts. 🤦‍♂️ <a href="https://t.co/7OnaHFePeW">https://t.co/7OnaHFePeW</a>
&mdash; Ted Cruz (@tedcruz) <a href="https://twitter.com/tedcruz/status/1662883736386404352?ref_src=twsrc%5Etfw">May 28, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Rep. Ken Buck (R-CO) added, &#8220;This pretty much says it all. Democrats got everything they wanted with this bill and don’t have to defend their reckless spending prior to the 2024 election. It’s a win for them.&#8221;

Top Conservatives Slam McCarthy-Biden Agreement: ‘With Republicans Like These, Who Needs Democrats?’

House Speaker Kevin McCarthy (R-CA) touted victories that conservatives secured over the weekend as lawmakers reached a last-minute agreement to avoid the U.S. defaulting on its debt.
McCarthy told Shannon Bream on Fox News&#8217; &#8220;Fox News Sunday&#8221; that most Republicans were excited by the agreement because lawmakers were able to cut spending for the first time in a long time.
McCarthy noted that the agreement was especially impressive considering Republicans were able to secure it despite the fact that President Joe Biden said he would not negotiate.
&#8220;Maybe it doesn&#8217;t do everything for everyone, but this is a step in the right direction that no one thought that we would be able to today,&#8221; McCarthy said. &#8220;I&#8217;ll debate this bill with anybody. Is it everything I wanted? No, because we don&#8217;t control all of it. But it is the biggest rescission in history. It is the biggest cut Congress has ever voted for in that process.&#8221;
McCarthy touted the agreement during a brief press conference with reporters on Saturday evening and another on Sunday morning.
&#8220;We still have a lot of work to do, but I believe this is an agreement in principle that is worthy of the American people,” McCarthy said. “It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, [and] rein in government overreach. There are no new taxes, no new government programs…”
McCarthy said he expects the text of the bill to be posted on Sunday, with a vote to be held on Wednesday.
Treasury Secretary Janet Yellen warned that the federal government could default on June 5 if an agreement isn’t finalized. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen stated.
WATCH:
<iframe loading="lazy" title="Speaker Kevin McCarthy on Fox News Sunday" width="500" height="281" src="https://www.youtube.com/embed/D3CuabkEPUY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

House Speaker McCarthy Delivers Press Statement At The Capitol

Speaker Kevin McCarthy Touts Wins Conservatives Secured In Tentative Debt Ceiling Agreement

House Speaker Kevin McCarthy (R-CA) defended the tentative agreement on the debt ceiling he made with President Joe Biden during a <a href="https://www.youtube.com/watch?v=Daj2qeGYZmI" target="_blank" rel="noopener">press conference</a> Sunday after criticism from some Republicans on the concessions, saying the deal is “worthy of the American people.&#8221;
The “agreement in principle” that McCarthy and Biden reached on Saturday  — just days before a potential default — has been criticized by Republicans in the House Freedom Caucus. While conceding the GOP didn’t get everything they asked for, McCarthy <a href="https://www.foxnews.com/politics/speaker-mccarthy-defends-budget-compromise-conservatives-balk-step-the-right-direction">argued</a> on &#8220;Fox News Sunday&#8221; that the deal is a “step in the right direction.” 
“The Democrats&#8217; reckless spending is unsustainable and irresponsible,” McCarthy tweeted Sunday morning. “So we are changing how Washington operates by shutting down Biden&#8217;s COVID slush funds, blocking his new tax proposals, and ending the out-of-control spending that is driving up inflation.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The Democrats&#39; reckless spending is unsustainable and irresponsible. So we are changing how Washington operates by shutting down Biden&#39;s COVID slush funds, blocking his new tax proposals, and ending the out-of-control spending that is driving up inflation <a href="https://t.co/AGVDlh884L">https://t.co/AGVDlh884L</a>
&mdash; Kevin McCarthy (@SpeakerMcCarthy) <a href="https://twitter.com/SpeakerMcCarthy/status/1662826575220609024?ref_src=twsrc%5Etfw">May 28, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
“We know at any time when you sit and negotiate within two parties, that you got to work with both sides of the aisle,” McCarthy said in a press conference Sunday morning. “So, it’s not 100% what everybody wants, but when you look, the country is going to be stronger. This is going to be transformational where Congress is literally going to vote to spend less money this year than we spent last year.” 
McCarthy touted the deal’s reforms, including cutting red tape and protections for the military and veterans. Despite pushback from some Republicans, McCarthy said &#8220;95%&#8221; of the party was “overwhelmingly excited” about what was in the deal, and he expects GOP politicians to support it.  
McCarthy said his team worked with Biden’s advisors throughout the night and said he would have a call with the president Sunday afternoon to finalize the language. In a statement, Biden said, “The agreement represents a compromise, which means not everyone gets what they want. That’s the responsibility of governing.&#8221;
“This is a good, strong bill that the majority of Republicans will vote for,” the Speaker said. 
Rep. Andrew Clyde (R-GA) <a href="https://twitter.com/Rep_Clyde/status/1662564216463671296" target="_blank" rel="noopener">tweeted</a> his dissatisfaction with the agreement Saturday, saying he was a “hard pass.” 
“A $4 trillion debt ceiling increase? With virtually none of the key fiscally responsible policies passed in the Limit, Save, Grow Act kept intact?” Clyde tweeted, urging conservatives to “hold the line.” 
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Similarly, Rep. Ken Buck (R-CO) <a href="https://twitter.com/RepKenBuck/status/1662666420499664897" target="_blank" rel="noopener">criticized</a> the deal, calling it a “surrender.” 
“The bottom line is that the U.S. will have $35 trillion of debt in January, 2025. That is completely unacceptable,” Buck said. 
When asked if he was worried about a motion to oust him from the Speaker role — which can begin with a single member, a concession McCarthy made during his bid for the position — he said, “Not at all.” 
The bill will sit for 72 hours for public review. McCarthy <a href="https://www.nbcnews.com/politics/congress/live-blog/debt-ceiling-live-updates-rcna86529">said</a> the House will vote on Wednesday.  The Speaker added that the bill has a lot for “both sides.&#8221;

House Speaker McCarthy Holds A Press Conference At The Capitol

‘Changing How Washington Operates’: Kevin McCarthy Defends Tentative Debt Ceiling Deal

Kevin McCarthy Defends Tentative Debt Ceiling Deal

On Saturday evening, just days before a potential default, a tentative agreement has been reached between President Joe Biden and House Speaker Kevin McCarthy (R-CA) on the <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a>.
“The White House and negotiators for House Republicans have reached an agreement in principle to avert a debt default, two sources familiar with the situation said,” <a href="https://www.reuters.com/world/us/us-debt-ceiling-negotiations-push-towards-critical-default-deadline-2023-05-27/" target="_blank" rel="noopener">Reuters</a> reports, adding that Biden and McCarthy had a 90 minute phone call on Saturday.
McCarthy held a brief conference following the news of a potential deal in which he outlined the progress that has been made.
“After weeks of negotiations, we have come to an agreement in principle. We still have a lot of work to do, but I believe this is an agreement in principle that is worthy of the American people,” McCarthy said. “It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, [and] rein in government overreach. There are no new taxes, no new government programs&#8230;”
“We still have more work to do tonight to finish all the writing of it,” the speaker added.
McCarthy said he expects the text of the bill to be posted on Sunday, with a vote to be held on Wednesday.
<blockquote class="twitter-tweet">
Republicans are poised to deliver big, consequential change in Washington. Soon, we will vote for a responsible debt limit agreement that stops Democrats&#8217; reckless spending, claws back unspent COVID funds, blocks Biden&#8217;s new tax schemes, &amp; much, much more <a href="https://t.co/TQ7CblFsaM">https://t.co/TQ7CblFsaM</a>
— Kevin McCarthy (@SpeakerMcCarthy) <a href="https://twitter.com/SpeakerMcCarthy/status/1662627260401356800?ref_src=twsrc%5Etfw">May 28, 2023</a></blockquote>
Treasury Secretary Janet Yellen had warned that the federal government would default on June 5 if an agreement wasn’t reached. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen <a href="https://www.reuters.com/markets/us/yellen-moves-forecast-earliest-potential-us-default-date-june-5-2023-05-26/" target="_blank" rel="noopener">stated</a>.
The Treasury Department said it has been enacting “extraordinary measures” since January when the United States hit its statutory limit of roughly $31.4 trillion, and has warned of dire economic consequences if the country is unable to reach a deal to lift the debt ceiling.
The White House and the GOP-led Congress have been engaged in a protracted battle over the details of a debt ceiling agreement. The president and Democrats broadly called for a clean debt ceiling raise even after the House passed a bill that would raise the debt ceiling while cutting discretionary spending and limit spending increases for the next decade.
The House Freedom Caucus, a bloc of conservative Republicans, previously <a href="https://www.dailywire.com/news/house-freedom-caucus-chairman-responds-as-white-house-lobs-spurious-claims-at-spending-cut-proposal" target="_blank" rel="noopener">said</a> they would consider voting to raise the debt limit in exchange for a framework that returns expenditures to fiscal year 2022 levels, raises the debt ceiling only for the next year, and restricts annual spending growth to 1% over the next decade. McCarthy recently <a href="https://www.dailywire.com/news/gop-led-house-passes-mccarthys-plan-to-raise-debt-limit" target="_blank" rel="noopener">passed</a> the framework in the House by means of the “Limit, Save, Grow Act.”
Ben Zeisloft and Tim Pearce contributed to this report.

Biden and McCarthy

White House, Republicans Reach Tentative Agreement On Debt Ceiling: Report

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