Author Topic: GOP conservatives fume over possible debt ceiling compromises  (Read 61 times)

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 GOP conservatives fume over possible debt ceiling compromises
by Emily Brooks - 05/26/23 6:00 AM ET

Hard-line conservatives are fuming over the debt deal compromise being negotiated between Speaker Kevin McCarthy (R-Calif.) and the White House — and they’re warning about collapsing GOP support.

Rep. Bob Good (R-Va.) said he was “concerned about rumors” he was hearing about a deal that would raise the debt ceiling higher than what House Republicans proposed without getting more concessions in return.

He offered a stark prediction of the consequences.

“If that were true, that would absolutely collapse the Republican majority for this debt ceiling increase,” Good said, adding the rumors he has heard mean the deal would be “less than desirable, I believe, to the majority of Republicans.”

Multiple lawmakers on Thursday told The Hill they’d seen proposals from the negotiations to raise the debt ceiling up to $4 trillion, which they expect would stretch beyond the 2024 elections.

Reports in the New York Times and Washington Post Thursday night said negotiators were getting closer to a deal that would limit spending more on domestic discretionary spending than defense. They also said negotiators were working out a partial clawback of an $80 billion boost to the IRS for enforcement, in order to prevent deeper limitations on the domestic side.

A source familiar with the negotiation told The Hill that there is no agreement yet on top line spending levels, nor is there one on a one- or two-year extension of the debt limit. The deal cannot come together, the source said, until there is an agreement on non-defense discretionary spending versus defense spending.

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