House Speaker Kevin McCarthy has laid out an opening gambit in what is likely to be a lengthy battle over the debt ceiling, suggesting that Republicans are open to a deal – but at a very high price.
On April 17, 2023, McCarthy told a gathering at the New York Stock Exchange that the Republican-controlled House would vote “in the coming weeks” on a bill to “lift the debt ceiling into the next year.” The catch? The Democrats would have to agree to freeze spending at 2022 levels and roll back regulations, among other conditions.
