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Debt limit rule adopted after Democrats ride to rescue

May 31, 2023
in Market & News
Reading Time: 1 min read
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Debt limit rule adopted after Democrats ride to rescue
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“If you’re in the majority, you have the responsibility of running this place and and he seems to have a problem being able to do that,” McGovern said, referring to Speaker Kevin McCarthy, R-Calif.

Rules Chairman Tom Cole, R-Okla., downplayed the vote’s significance, pointing out that a majority of Democrats voted “no” on a rule for consideration of a deal Biden brokered.

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‘Interesting negotiation’

With tight margins, GOP leadership could afford to lose only a handful of Republican votes without tanking the rule, which would send the debt ceiling package back to the drawing board with little time to spare. Unless, that is, they got some help from Democrats.

Rep. Ann McLane Kuster, D-N.H., chair of the New Democrat Coalition, earlier in the day said the group of more than 90 centrist Democrats didn’t plan to support the rule.

“Oh, they’ll need help,” she said of Republican leadership.“We don’t intend to support it. It’s their bill — it’s their rule.”

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