Republicans hope McCarthy's bill gives him leverage in debt ceiling standoff
House Republicans narrowly passed a bill linking a debt ceiling raise to spending cuts, which Biden says he would veto. A political historian explains why he may have to make some concessions.
Updated April 28, 2023 at 11:18 AM ET
With the clock ticking on the debt ceiling debate, House Republicans have narrowly passed a bill that they hope will bring President Biden to the negotiating table.
The bill would raise the debt ceiling while cutting federal spending — things Democrats are vehemently opposed to linking — and threatens to unravel parts of Biden's domestic agenda.
