“Speaker Kevin McCarthy is attempting a difficult balancing act as he tries to extract spending concessions from President Biden in exchange for raising the debt ceiling: cobbling together a deal that can win the votes of a majority of Republicans without alienating the critical mass of Democrats he would need to push it through the House,” the New York Times reports.
“Hard-right Republicans have fueled the debt-limit standoff by demanding deep spending cuts as the price of averting a default, and they are all but certain to oppose any compromise. That means that Mr. McCarthy, a California Republican, would need the support of a solid bloc of Democrats in the closely divided chamber.”
“The political reality is weighing on both Republicans and Democrats in the debt-limit talks, which continued Tuesday on Capitol Hill with no sign of imminent resolution.”
