At a high-stakes White House meeting on Tuesday, Speaker McCarthy will try to juggle competing interests and jump-start negotiations with President Biden.
WASHINGTON — Five months after he grabbed the gavel, this week marks the start of a defining challenge of Speaker Kevin McCarthy’s two decades in elected office: whether he can strike a deal with President Joe Biden that averts an unprecedented debt default and quells the hard-right conservatives ready to revolt against him.
Twice this year, McCarthy proved the naysayers wrong — he captured the speaker’s gavel after a grueling 15 rounds of voting and then muscled his plan to hike the debt ceiling and enact big spending cuts through the House by the slimmest of margins. That remarkable show of GOP unity strengthened his hand in the debt standoff, but the real test for McCarthy will be if he can keep his grip on the gavel and negotiate with the Senate and the White House on legislation that can pass and become law.
Gaetz and his camp believe they have the upper hand over McCarthy, said one Gaetz ally in Congress. “He didn’t get taken off one committee and he is right back in the news, and not in a negative light," the lawmaker said. “We don’t necessarily have to have every single thing exactly the way we proposed it,” Johnson continued. “But the final package does need to be a substantial change in how our country spends and borrows money. And Kevin McCarthy is going to have to deliver that. And he understands that, and he’s prepared to do it.”
McCarthy’s hand is strengthened, Lawler argued, “because we’re the only ones that have actually acted on this.”Time is running short. Last week, Treasury Secretary Janet Yellen informed McCarthy that the U.S. could run out of measures to pay its debt obligations and"It’s widely agreed that financial and economic chaos would ensue" if the U.S.
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