- Speaker Kevin McCarthy will needs almost every member of his House Republican Conference to pass the measure, but several members reportedly remain noncommittal.
- Among the holdouts concerns are those related to biofuel tax credits and anti-poverty benefits.
- McCarthy unveiled the proposal Wednesday, in effort to get spending cuts from President Biden and fellow Democrats in the effort to raise the debt ceiling and keeping the U.S. from defaulting on loans.
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McCarthy Doesn’t Have Votes For Vaunted Debt Ceiling Proposal
The House speaker toiled for months on a budget bill-GOP proposal to President Biden on raising the debt ceiling, but days before a floor vote, he reportedly doesn't have enough conference votes to get it passed.
