McCarthy May Pass Short Term Debt Limit Increase

Punchbowl News: “McCarthy is considering having the House pass a short-term debt limit increase – just a few months long – with some modest budgetary savings provisions attached. This move would, in House Republican leadership’s view, put the ball in Senate Democrats’ court. If this tactic works, a default on the federal government’s $31.4 trillion debt would be avoided and Republicans could still keep the pressure on Democrats for a permanent solution.”

“House GOP leaders also believe they’ll need to lift the debt limit by June, just six weeks after Congress returns from this upcoming recess.”

Playbook: “Democrats and the White House will continue to demand McCarthy lay out and pass a budget to prove that he’s even worth negotiating with, we’re told. There’s a concern that even if Democrats cut a deal with McCarthy, he won’t be able to deliver votes given his limited hold on the GOP conference.”