![]() Next Monday is when the Treasury has said the U.S. ![]() Swift later in the week by the Senate would ensure government checks will continue to go out to Social Security recipients, veterans and others and would prevent financial upheaval at home and abroad. McCarthy worked to sell skeptical fellow Republicans, even fending off challenges to his leadership, in the rush to avert a potentially disastrous U.S. That wasn’t quite the case – the vote began about an hour and a half after Biden arrived in Colorado.īiden sent top White House officials to the Capitol to shore up backing. ![]() “God willing by the time I land, Congress will have acted, the House will have acted, and we’ll be one step closer,” he said. ![]() The president departed Washington for Colorado, where he is scheduled to deliver the commencement address Thursday at the U.S. ![]() McCarthy insisted his party was working to “give America hope” as he launched into a late evening speech extolling the bill’s budget cuts, which he said were needed to curb Washington’s “runaway spending.”īut amid discontent from Republicans who said the spending restrictions did not go far enough, McCarthy said it is only a “first step.”Įarlier, Biden expressed optimism that the agreement he negotiated with McCarthy to lift the nation’s borrowing limit would pass the chamber and avoid an economically disastrous default on America’s debts. Speaker of the House Kevin McCarthy, R-Calif., leaves the chamber after passage of a procedural vote at the Capitol in Washington, Wednesday, May 31, 2023. ![]()
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