Categories
-Top News Europe USA

In fresh tensions, GOP leader vows to oust McCarthy

Other than Gaetz, another Republican representative Eli Crane has voiced for supporting McCarthy’s ouster, increasing the tensions for the House Speaker…reports Asian Lite News

In a fresh set of political drama unveiling in the United States, House Speaker Kevin McCarthy challenged Republican representative Matt Gaetz to “bring on” the motion to oust him, after the GOP leader announced about the same, CNN reported on Sunday.

This comes hours after the US was finally able to pass the spending bill, that can keep the economy afloat for the next 47 days.

Other than Gaetz, another Republican representative Eli Crane has voiced for supporting McCarthy’s ouster, increasing the tensions for the House Speaker.

After McCarthy relied on Democratic votes to pass a stopgap funding measure to avert a federal government shutdown Saturday night, several hardline conservatives have threatened that the move cost him his job, as per CNN.

“I do intend to file a motion to vacate against Speaker McCarthy this week. I think we need to rip off the Band-Aid. I think we need to move on with new leadership that can be trustworthy,” Gaetz told CNN.

“Look, the one thing everybody has in common is that nobody trusts Kevin McCarthy,” he added.

“He lied to Biden, he lied to House conservatives. He had appropriators marking to a different number altogether. And the reason we were backed up against the shutdown politics is not a bug of the system. It’s a feature,” CNN quoted him as saying.

Gaetz further stated that he thinks Democrats would have to help McCarthy retain his speakership.

“The only way Kevin McCarthy is Speaker of the House at the end of this coming week is if Democrats bail him out. Now, they probably will. I actually think that when you believe in nothing, as Kevin McCarthy does, everything’s negotiable — and I think he’ll cut a deal with the Democrats,” CNN quoted him as saying.

If Democrats do help McCarthy retain his speakership, “he will be their speaker, not mine,” he added.

Responding to this, House Speaker Kevin McCarthy urged Gaetz to “bring it on”.

“That’s nothing new,” McCarthy said on CBS “Face the Nation.”

“I’ll survive…You know this is personal with Matt. Matt voted against the most conservative ability to protect our border, secure our border. He’s more interested in securing TV interviews than doing something,” CNN quoted him as saying.

“So be it — bring it on. Let’s get over with it and let’s start governing,” McCarthy added.

When asked about Ukraine aid, which is missing from Congress’ stopgap bill, McCarthy insinuated that he would want the funding tied to increasing border security.

“They’re not going to get some package if the border is not secure,” McCarthy said. “I support being able to make sure Ukraine has the weapons that they need. But I firmly support the border first. So we’ve got to find a way that we can do this together.”

Republican Representative Eli Crane, one of the hardliners who has been critical of Rep. Kevin McCarthy, signalled support for ousting the speaker.

“Lets roll!” Crane posted on social media platform X on Sunday in response to GOP Rep. Matt Gaetz’s post saying he will file a so-called motion to vacate this week.

Crane and Gaetz are so far the only Republicans who have publicly backed the effort, though others are weighing it, according to CNN.

Notably, if all Democrats support the motion, Gaetz only needs six Republicans to succeed.

Although, Democrats have not taken an official position, but many in the caucus are skeptical of saving McCarthy — though some may vote present, which would raise the number of votes Gaetz needs, CNN reported. (ANI)

ALSO READ: ‘US will not walk away from Ukraine’

Categories
-Top News Economy USA

Biden, McCarthy narrow in on deal to lift debt ceiling

The Democratic president and Republican speaker hope to strike a budget compromise this weekend…reports Asian Lite News

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling and staving off an economically devastating government default.

The Democratic president and Republican speaker hope to strike a budget compromise this weekend. With Republicans driving for steep cuts, the two sides have been unable to agree to spending levels for 2024 and 2025. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.

But the budget flow isn’t the only hang-up.

A person familiar with the talks said the two sides are “dug in” on whether or not to agree to Republican demands to impose stiffer work requirements on people who receive government food stamps, cash assistance and health care aid, some of the most vulnerable Americans.

Yet both Biden and McCarthy expressed optimism heading into the weekend that the gulf between their positions could be bridged. A two-year deal would raise the debt limit for that time, past the 2024 presidential election.

“We knew this would not be easy,” McCarthy, R-Calif., said as he left the Capitol for the evening Thursday. McCarthy said, “It’s hard, but we’re working and we’re going to continue to work until we get this done.”

House Republicans have pushed the issue to the brink, displaying risky political bravado in leaving town for the Memorial Day holiday. The U.S. could face an unprecedented default as soon as June 1, hurling the global economy into chaos.

In remarks at the White House, Biden said, “It’s about competing versions of America.”

“The only way to move forward is with a bipartisan agreement,” Biden said Thursday. “And I believe we’ll come to an agreement that allows us to move forward and protects the hardworking Americans of this country.”

Lawmakers are tentatively not expected back at work until Tuesday, just two days from the early June deadline when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.

Biden will also be away this weekend, departing Friday for the presidential retreat at Camp David, Maryland, and Sunday for his home in Wilmington, Delaware. The Senate is on recess and will be until after Memorial Day.

Meanwhile, Fitch Ratings agency placed the United States’ AAA credit on “ratings watch negative,” warning of a possible downgrade.

Weeks of negotiations between Republicans and the White House have failed to produce a deal — in part because the Biden administration resisted negotiating with McCarthy over the debt limit, arguing that the country’s full faith and credit should not be used as leverage to extract other partisan priorities.

The White House has offered to freeze next year’s 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that’s not enough.

“We have to spend less than we spent last year. That is the starting point,” said McCarthy.

One idea is to set those topline budget numbers but then add a “snap-back” provision that enforces the cuts if Congress is unable during its annual appropriations process to meet the new goals.

On work requirements for the aid recipients, the White House is particularly resisting measures that would drive Americans into poverty or take their health care, said the person familiar with the talks, who was granted anonymity to describe behind-closed-door discussions.

On the Republican demand to rescind money for the Internal Revenue Service, it’s still an “open issue” whether the sides will compromise by allowing the funding to be pushed back into other domestic programs, the person said.

Pressure is bearing down on McCarthy from the House’s right flank not to give in to any deal, even if it means blowing past the June 1 deadline.

“Let’s hold the line,” said Rep. Chip Roy, R-Texas, a Freedom Caucus member.

McCarthy said Donald Trump, the former president who is again running for office, told him, “Make sure you get a good agreement.”

Failure to raise the nation’s debt ceiling, now at $31 trillion, to pay America’s already incurred bills would risk a potentially chaotic federal default. Anxious retirees and social service groups are among those already making default contingency plans.

Even if negotiators strike a deal in coming days, McCarthy has promised lawmakers he will abide by the rule to post any bill for 72 hours before voting — now likely Tuesday or even Wednesday. The Democratic-held Senate has vowed to move quickly to send the package to Biden’s desk, right before next Thursday’s possible deadline.

In one potential development, Republicans may be easing their demand to boost defense spending, instead offering to keep it at levels the Biden administration proposed, according to another person familiar with the talks.

The teams are also eyeing a proposal to boost energy transmission line development from Sen. John Hickenlooper, D-Colo., that would facilitate the buildout of an interregional power grid, according to a person familiar with that draft. Those two people were also granted anonymity to discuss the private negotiations.

ALSO READ: India’s Consulate General in New York spearheads beach cleanup for G-20 programme