Friday, May 26, 2023

'Outrageous': Freedom Caucus Demands McCarthy Hold The Line On Debt Ceiling Talks

 Members of the conservative House Freedom Caucus are urging Speaker Kevin McCarthy not to compromise with President Joe Biden on negotiations over raising the nation's debt limit.

The Caucus published a letter sent to McCarthy on Thursday, demanding that he compel Biden and the Democratic-led Senate to approve the Limit, Save, Grow Act - legislation to raise the debt limit passed by the House in April - to avert a debt default, which Treasury Secretary Janet Yellen has said could come as early as June 1.

The caucus said that McCarthy should include the "Secure the Border Act," a border security bill passed by House Republicans in a final deal.

"Press reports indicate [Biden] is pushing to water down provisions of the LSG Act while simultaneously demanding a debt ceiling increase of $4 trillion or more. This is outrageous," wrote the caucus in a letter, which was signed by 35 House Republicans.

Yellen has frequently warned McCarthy that the U.S. may default on its debt as early as June 1, claiming that it would lead to catastrophic effects for the global economy.

Amid this impasse, Biden has publicly mulled invoking Section 4 of the 14th Amendment to unilaterally pay U.S. debts without congressional authorization - a proposal that has been criticized by some who claim it could lead to a "Constitutional crisis" and could be "Impeachable." Other reports indicate that McCarthy might be considering a bipartisan deal with House Democrats without Freedom Caucus votes.

The caucus remains insistent it should be part of any deal that McCarthy strikes.

https://americafirstreport.com/outrageous-freedom-caucus-demands-mccarthy-hold-the-line-on-debt-ceiling-talks/

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