The sky seems to perpetually falling if you ask Democrats, journalists, and even some Republicans, and the current fiscal fight in the House seems to be no exception. Both Joe Biden and the Democrats are adamant that a clean debt ceiling increase has to happen or else the consequences will be dire. Mitch McConnell, the GOP leader in the Senate, is only telling reporters
Kevin McCarthy is in the driver's seat of a prolonged ideological battle
- With the government funded until the end of September, many Republicans believe it's McCarthy's turn to make the tough calls during the new era of split government
- McCarthy's challenge isn't just to pass a bill lifting the debt ceiling, it's to assuage his conservatives who are eager for draconian fiscal cuts in return - while eventually reaching an agreement with some House Democratic support
Some Republicans have begun to examine entitlements, which account for much of the government’s annual spending
- In recent days, a group of GOP lawmakers has called for the creation of special panels that might recommend changes to Social Security and Medicare, which face genuine solvency issues that could result in benefit cuts within the next decade.
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