Banking Crisis Emboldens House Republicans

Punchbowl News: “The recent collapse of two large regional banks rattled global markets, raising concerns about financial stability during a precarious moment for the U.S. economy. Would this backdrop of uncertainty, we wondered, cause House Republicans to grow wary of launching a debt limit showdown?”

“From our conversations with top GOP lawmakers at the House Republican retreat this week in Orlando, the answer is a hard no.”

“Instead of expressing caution, senior GOP lawmakers are leaning into their plans to demand spending cuts in return for raising the nation’s borrowing limit.”