Republicans Oppose US Debt Agreement. Some Republicans on the right have opposed the debt ceiling hike deal that Democrat President Joe Biden and Republican House Speaker Kevin McCarthy have reached. This challenge needs to be faced by Democratic President Joe Biden and Republican Speaker of the House Kevin McCarthy for both parties to agree to the deal.
The 2024 Republican presidential nominee, Florida Governor Ron DeSantis, said the rejection of the deal was not enough to change the fiscal trajectory. Fellow Republican Chip Roy also disapproved of the deal.
In the senate, Republican Senator Mike Lee also opposed the deal so voting could be more difficult. Each member has the ability to delay the action for a certain number of days. Councilor Raul Grijalva, a progressive Democrat also said the changes to environmental regulations in the bill were worrying and disappointing.
According to him, one of the elements in the bill will speed up the energy project licensing process, be able to take back funds that are not used for handling Covid-19, tighten work requirements for food assistance programs for America’s poor.
Republicans Oppose US Debt Agreement. In addition, the bill would divert some of the funding from the Internal Revenue Service, which is tasked with collecting taxes, although White House officials said this would not reduce enforcement in the short term.
The 99-page bill will suspend the debt limit until January 1, 2025. On Tuesday (30/5/2023) the bill will be discussed by the House Rules Committee, before an overall vote. Proponents predict the bill will be approved by congress before the US runs out of money to pay the bill. The finance department predicts it will happen on June 5.