USA Today Episodes Around June 1, 2023
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7:32:56Now PlayingWatch: U.S. House set to take up Biden-McCarthy debt ceiling plan
Jun 1, 2023·17.9K views
June 1, 2023
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7:32:56Now PlayingRepublican Kevin McCarthy’s razor-thin speakership faces its biggest test since he grabbed the gavel in January as his debt deal with President Joe Biden comes up for a vote Wednesday.
RELATEDBiden'No one got everything they wanted' as leaders reach deal on debt
McCarthy and the president came to an agreement during an hour-and-a-half phone call just days before the United States ran out of money to pay its bills.
The plan raises how much the government can borrow until 2025, which was Biden's top priority during talks with Republican leaders. It also freezes annual discretionary, non-defense spending for two years while delivering $2.1 trillion in other domestic spending cuts GOP lawmakers wanted.
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