When Will Us Default News Today

It’s not yet clear whether such a deal will win the support of rank-and-file lawmakers as both Democrats and Republicans have expressed opposition to some of the provisions, threatening to vote against legislation they don’t agree with.

“What is clear to me increasingly is that many extreme MAGA Republicans have made the political calculation that a dangerous default in crashing the economy and triggering a recession is in their political interests,” Jeffries said on Thursday.

As the deadline to raise the debt ceiling inches closer and negotiations progress in a positive direction, House members head home for Memorial Day, expecting to be called back early next week to vote on the bill.

White House press secretary Karine Jean-Pierre repeatedly declined to state Tuesday when President Joe Biden and House Republicans must reach a debt ceiling agreement in order to allow Congress time to pass the measure and avoid a national default.