{"id":2144,"date":"2023-04-27T15:25:29","date_gmt":"2023-04-27T15:25:29","guid":{"rendered":"https:\/\/thornrun.com\/house-passes-gop-debt-ceiling-legislation\/"},"modified":"2023-09-18T17:49:48","modified_gmt":"2023-09-18T17:49:48","slug":"house-passes-gop-debt-ceiling-legislation","status":"publish","type":"post","link":"https:\/\/thornrun.com\/house-passes-gop-debt-ceiling-legislation\/","title":{"rendered":"House Passes GOP Debt Ceiling Legislation"},"content":{"rendered":"\r\n<p>House lawmakers narrowly passed [<a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001lh1DvxPWqVUO-cwAzs68qgshVvd_pSDZukd0rdKvMX_AKYddXyBDA4DWURtf_Dx-8f6yGe-u4kCNiYShKxtK5_Gsn6aR7EXRqhMfcomGH_tBxV5BMksU-HfuFRZrvHl37nNkN9n_oTuSZ1ERFd6EhvQghiN27YE70qCL8JlF6s4=&amp;c=ozz7IrtUv8uq0ftoReomcCTJ5TIqgDoB6ERtHwP9TsAWceD81OLC5Q==&amp;ch=RdaXyTNs48a0b8cjv2s15VRIowzhr-gRqAHm4LA87k0iwt4grKQ5pQ==\" target=\"_blank\" rel=\"noreferrer noopener\">217-215<\/a>] Speaker Kevin McCarthy&#8217;s (R-CA) Limit, Save, Grow Act (<a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001lh1DvxPWqVUO-cwAzs68qgshVvd_pSDZukd0rdKvMX_AKYddXyBDA_JBT-kUUBLBfR6cqay2Th_j_OYrlesZ75RwiTCSNGUDa4SocF0VnXlR-f_lXdIzbr3G203vmkWh-u0iOMzQteSH1ugMstyvoeKhvCukzeqhuwOmqnBawu0SNR4ytxfgR32gZuTud5IJeQmttSJEomAGGvgQtr-m8nzeaZKIBFb9m5AsyfUA5RdpyJ49S6PPUA==&amp;c=ozz7IrtUv8uq0ftoReomcCTJ5TIqgDoB6ERtHwP9TsAWceD81OLC5Q==&amp;ch=RdaXyTNs48a0b8cjv2s15VRIowzhr-gRqAHm4LA87k0iwt4grKQ5pQ==\" target=\"_blank\" rel=\"noreferrer noopener\">text<\/a>; <a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001lh1DvxPWqVUO-cwAzs68qgshVvd_pSDZukd0rdKvMX_AKYddXyBDA_JBT-kUUBLBvQEQ_WpaAWY8VHGZdaQ4fU34cz2ywl54I43EIvPmO8cb35-0SbEb8ItVB2KeRI2uHhKgmju1uDvXMmDnEuiVP2XNiWCSBdjFwm7YB6nAdsOSWqyFtbu5BnYsYJBeqxq8LWpB4Zdet5B6vQkLwhABEx3Th5Fmi1kDhXsY2qxXmFQGMKQT-1D2XQ==&amp;c=ozz7IrtUv8uq0ftoReomcCTJ5TIqgDoB6ERtHwP9TsAWceD81OLC5Q==&amp;ch=RdaXyTNs48a0b8cjv2s15VRIowzhr-gRqAHm4LA87k0iwt4grKQ5pQ==\" target=\"_blank\" rel=\"noreferrer noopener\">summary<\/a>) as House Republican leaders look to place pressure on President Biden to come to the negotiating table on the debt ceiling.<\/p>\r\n\r\n\r\n\r\n<p><!--more--><\/p>\r\n\r\n\r\n\r\n<p>The House GOP legislation \u2014\u00a0which would raise the debt limit to March 31, 2024, in exchange for a host of budgetary and policy priorities \u2014\u00a0is dead-on-arrival in the Democratic Senate. However, the bill itself could be utilized as a &#8220;shell&#8221; legislative vehicle for a potential bipartisan deal in the Senate should one come to fruition.<\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><strong>What&#8217;s next? <\/strong>Lawmakers are expected to receive additional clarity from Treasury on when the &#8220;X date&#8221; will fall. News reports suggest that Secretary Janet Yellen will provide the update by the end of this week or next \u2014 a move that will dictate how quickly leadership moves to try and reach a bipartisan agreement. Meanwhile, an analysis from Goldman Sachs\u00a0yesterday suggests that the drop-dead date for raising the debt ceiling will fall into July due to a surge in tax collections around the April 18 tax filing deadline.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<ul>\r\n<li><strong>On the floor&#8230;<\/strong> Both chambers will gavel in for legislative business after receiving a joint address to Congress from South Korean President Yoon Suk Yeol at 11 AM ET. For today, House lawmakers will hold a final up-or-down vote on a <a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001lh1DvxPWqVUO-cwAzs68qgshVvd_pSDZukd0rdKvMX_AKYddXyBDA4DWURtf_Dx-K9oTl_1JBB2d2BemrUFKur9ffEEOdn-gizHpSjIXHgQuZ-l8dUqdLnFmDeB1RmerZcZPqfrPAlm9W-8IknohQ4oIbNSYrFzmjfbLFnEO3GI-zAyutV4AcvaM3ab83ijd54inI5HcdkXdKZLBKRaE-03T-gmMFCgeccBVXjoqTedeaSQsDfqTPUAn2xvvciorDuMmiY2epEn0XGSb0ALUiHn1rZ1Jg0Gd-QUSVkqVPXiRlAOnExQ4Xix4QkRCdtVOyXAYAm2-Sfs=&amp;c=ozz7IrtUv8uq0ftoReomcCTJ5TIqgDoB6ERtHwP9TsAWceD81OLC5Q==&amp;ch=RdaXyTNs48a0b8cjv2s15VRIowzhr-gRqAHm4LA87k0iwt4grKQ5pQ==\" target=\"_blank\" rel=\"noreferrer noopener\">resolution<\/a> that would direct the president to remove armed forces from Somalia. In the Senate, procedural votes have been scheduled on a <a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001lh1DvxPWqVUO-cwAzs68qgshVvd_pSDZukd0rdKvMX_AKYddXyBDA4DWURtf_Dx-aLvkimfVlg0pVzSKAK5yUL_ImrS0kxKwDB5qsoLCAn4JNNvqwdvHDi9trtRXNbYFJolX-779Tq1_uXrgbgb79YYVzysgYA0ZeiZAhwjL36DRmdnlmcbnu4TP1wvE8sz98d6hzKeMAQbn48q65gkNti7ArEeeniDpLAkcf5S3QwC243SLjpnWb_0osbmhkDBkHcESCMQoS6QW78MZiiSmZMxbq8BkMrdJVXy74-fBdespVrB7BiL49Wt4rNPz2fw-&amp;c=ozz7IrtUv8uq0ftoReomcCTJ5TIqgDoB6ERtHwP9TsAWceD81OLC5Q==&amp;ch=RdaXyTNs48a0b8cjv2s15VRIowzhr-gRqAHm4LA87k0iwt4grKQ5pQ==\" target=\"_blank\" rel=\"noreferrer noopener\">resolution<\/a> that would allow the Equal Rights Amendment to be added to the U.S. Constitution, as well as on Anthony Johnstone&#8217;s nomination to be a U.S. Circuit Judge for the Ninth Circuit.<\/li>\r\n<\/ul>\r\n","protected":false},"excerpt":{"rendered":"<p>House lawmakers narrowly passed [217-215] Speaker Kevin McCarthy&#8217;s (R-CA) Limit, Save, Grow Act (text; summary) as House Republican leaders look to place pressure on President Biden to come to the negotiating table on the debt ceiling.<\/p>\n","protected":false},"author":1,"featured_media":4349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,7],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>House Passes GOP Debt Ceiling Legislation - thornrun<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thornrun.com\/house-passes-gop-debt-ceiling-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Passes GOP Debt Ceiling Legislation - thornrun\" \/>\n<meta property=\"og:description\" content=\"House lawmakers narrowly passed [217-215] Speaker Kevin McCarthy&#8217;s (R-CA) Limit, Save, Grow Act (text; 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