Speaker McCarthy’s Debt Ceiling Package
House Speaker Kevin McCarthy has unveiled a sweeping package that would raise the nation’s debt limit by $1.5 trillion into next year. The Republican leader announced the bill Wednesday just as President Joe Biden was preparing to deliver a speech in Maryland. The 320-page package imposes a long list of Republican priorities, including new spending caps, work requirements for recipients of government aid and others that are sure to be nonstarters for the White House.