WASHINGTON — The Republican-controlled House has planted the seeds for a debt-ceiling showdown, with Speaker Kevin McCarthy endorsing a push by his hard-liners to demand spending cuts as part of any extension of the country’s borrowing authority.
The political divide is deep and the stakes are high.
Ultraconservative lawmakers insist they don’t want the country to default, but their conditions for raising the debt limit are unlikely to be accepted by the Democratic-led Senate or President Joe Biden.
https://www.nbcnews.com/politics/congress/debt-ceiling-deadline-will-republicans-pass-rcna65710
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