May 27, 2023 8:13am EDT
The Hitchhiker’s Guide to Where We Stand on the Debt Ceiling
Debt deal crumbles as Dems refuse to budge despite GOP concessions — but there’s good news
By Chad Pergram , Chris Pandolfo | Fox News
Democrats and Republicans were very close to hammering out a final debt ceiling deal Friday night, but the pact fell apart when neither side could get the guarantees they wanted.
The hope was for negotiators to finish some text last night, which would let House Republicans begin to run their three-day procedural clock as soon as possible to schedule a vote.
Fox News Digital is told congressional leaders will aim to get text out this afternoon.
House Speaker Kevin McCarthy, R-Calif., has repeatedly said the House would have "72 hours" before it debates and votes on a bill, not necessarily "three days." If text comes out this afternoon, the House could conceivably vote to raise the debt limit late in the day on Tuesday. But the House may still need a little more time than that.
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https://www.foxnews.com/politics/hitchhikers-guide-where-we-stand-debt-ceiling
