www.foxbusiness.com Open in urlscan Pro
2a02:26f0:6c00:1a3::198c  Public Scan

Submitted URL: https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=TX21CR&crop=15914.29019639.5878190.8669509&report_id=&redirect=h...
Effective URL: https://www.foxbusiness.com/politics/gop-pushes-ahead-debt-ceiling-vote-late-night-negotiating-tweaks-bill
Submission: On May 02 via api from US — Scanned from DE

Form analysis 2 forms found in the DOM

GET /search

<form autocomplete="off" action="/search" method="get">
  <fieldset><input aria-label="Search foxbusiness.com" type="text" placeholder="Search foxbusiness.com" name="q" onblur="" onfocus="" autocomplete="off" value="" class="resp_site_search"> <input type="hidden" name="ss" value="fb"> <input
      aria-label="Submit Search" type="submit" value="Search" class="resp_site_submit"></fieldset>
</form>

GET /search

<form autocomplete="off" action="/search" method="get">
  <fieldset>
    <div class="input-wrap quote-lookup"><input value="" type="text" placeholder="Quote Lookup" name="q" onblur="" onfocus="" autocomplete="off" aria-label="quote lookup" class="input-text"> <input type="hidden" name="ss" value="fb"> <input
        type="submit" aria-label="submit" value="Search" class="input-search"></div>
  </fieldset>
</form>

Text Content

Fox Business
 * Personal Finance
 * Economy
 * Markets
 * Watchlist
 * Lifestyle
 * Real Estate
 * Tech
 * TV
 * Podcasts
 * More

Expand / Collapse search
Login
Watch TV
Menu
Personal Finance
 * Mortgages
 * Student Loans
 * Credit Cards
 * Personal Loans
 * Savings
 * Insurance
 * 401k
 * Retirement
 * Tax Planning

Economy
 * Government Spending
 * Money & Policy
 * Small Business
 * Inflation

Markets
 * Stocks
 * US Markets
 * Cryptocurrency
 * Futures & Commodities
 * Bonds
 * ETFs
 * Business Leaders
 * Industries
 * Retail
 * Pre-Markets
 * Mutual Funds

Watchlist
Lifestyle
 * Entertainment
 * Rich & Famous
 * Travel
 * Cars
 * Airplanes
 * Food & Drinks
 * Arts

Real Estate
 * Personal
 * Commercial
 * Luxury Properties

Tech
 * Digital
 * Social Media
 * Gadgets
 * Business Tech
 * Healthcare Tech
 * Future Tech
 * AI
 * Space

Sports
 * NFL
 * NBA
 * MLB
 * NASCAR
 * Boxing
 * Soccer
 * Golf
 * Tennis

Opinion
Shows
 * Mornings with Maria
 * Varney & Co
 * Cavuto: Coast to Coast
 * Making Money with Charles Payne
 * The Claman Countdown
 * Bulls & Bears
 * The Evening Edit
 * Kennedy
 * Strange Inheritance with Jamie Colby
 * Maria Bartiromo's Wall Street
 * WSJ at Large with Gerry Baker
 * Barron's Roundtable

About
 * Channel Finder
 * Jobs
 * Terms of Use
 * Updated Privacy Policy
 * FAQ
 * Media Relations
 * Corporate Information
 * Closed Captioning Policy
 * Accessibility Statement
 * Fox News
 * Fox Nation
 * Fox Business Go
 * Apps & Products

 * Facebook
 * Twitter

Fox Business
 * New Terms of Use
 * New Privacy Policy
 * Your Privacy Choices
 * Help
 * Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data
provided by Factset. Powered and implemented by FactSet Digital Solutions. 
Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed.
©2023 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

Republicans
Published April 26, 2023 7:47am EDT


GOP PUSHES AHEAD WITH DEBT CEILING VOTE AFTER LATE NIGHT OF NEGOTIATING, TWEAKS
TO THE BILL


SOME KEY CHANGES WERE MADE TO THE BILL OVERNIGHT ON TUESDAY AFTER IT APPEARED
UNLIKELY TO PASS IN ITS ORIGINAL FORM

 * Facebook
 * Twitter
 * Comments
 * Print
 * Email

By Elizabeth Elkind , Tyler Olson FOXBusiness
close
video


DEMOCRATS WILL RAMP UP PRESSURE ON BIDEN TO NEGOTIATE DEBT LIMIT: RUSS VOUGHT

Former White House OMB Director Russ Vought argues Biden's tactic of not
negotiating on the debt limit will end once GOP passes a spending bill on
'Cavuto: Coast to Coast.'

House Republican leaders were still aiming to pass legislation this week that
raises the debt ceiling and cuts federal spending, after spending hours behind
closed doors on Tuesday and agreeing to some changes in order to secure passage
of the most important piece of legislation so far under House Speaker Kevin
McCarthy's tenure.




The touch-and-go nature of the vote could be seen throughout Tuesday, as
McCarthy and others said late in the day that a vote would be held "this week"
after several GOP lawmakers said earlier a vote was expected Wednesday.

When asked about timing by Fox News Digital on his way out of the Capitol
Tuesday night, McCarthy said, "We always said we're going to vote this week, so
we're just working through, and we'll take it up."

While GOP leaders resisted changes to the bill, they relented in the early hours
of Wednesday morning and agreed to tweak the bill in ways they hope will secure
the votes needed for passage. It still was not clear early Wednesday which day
this week the vote would take place.



BIDEN THREATENS TO VETO HOUSE GOP PLAN TO ADDRESS DEBT LIMIT

House Speaker Kevin McCarthy (R-CA) is followed by members of the media as he
walks in the U.S. Capitol on April 25, 2023 in Washington, D.C. The House is set
to vote this week on the $4.5 trillion Limit, Save, Grow Act of 2023. (Photo by
Alex Wong/Getty Images)



The Limit, Save, Grow Act was unveiled last week amid a tense standoff over the
debt limit between House Republicans and the Democrats in the White House and
Senate. It would cap federal spending at fiscal year 2022 levels and increase
work requirements to receive federal benefits, among other measures. It would
also raise the government's borrowing limit through the end of March 2024 or by
$1.5 trillion – whichever benchmark is hit first. On the left, Democrats have
insisted on nothing but a "clean" debt ceiling increase without attaching
spending cuts.

However, it became clear in the last week that not every Republican was on
board, and with just a thin majority in the House, the Speaker can only afford
to lose four votes to still pass the bill.



One major complaint was lodged by Midwestern Republicans who were worried about
a provision that would repeal tax credits for biofuels like ethanol, which would
be a significant blow to corn-heavy districts in states like Iowa. Rep. Dusty
Johnson, R-S.D., told Fox News Tuesday that there were "maybe six, seven, eight
who are more concerned" about that provision.



All four members of Iowa’s Congressional delegation were seen entering
McCarthy’s office in the early evening on Tuesday, along with Johnson, Derrick
Van Orden, R-Wis., Michelle Fischbach, R-Minn., and Ways & Means Chair Jason
Smith, R-Mo. They were silent upon leaving McCarthy's office Tuesday night about
whether they were swayed.

GOP leaders released an amendment overnight that kept two of five biofuel tax
credits in place, and addressed conservative lawmaker concerns by requiring
tougher work requirements for receiving food stamps and other benefits starting
in 2024 instead of 2025. And they were pressing ahead with the vote that could
take place as late as Friday, apparently confident that those tweaks would be
enough to get the bill over the finish line.



MCCARTHY ACCUSES BIDEN OF IGNORING GOP OVER DEBT CEILING NEGOTIATIONS AS TALKS
STALL: 'RESTS UPON HIS FEET'

House Ways and Means Chairman Jason Smith, R-Mo., right, confers with an aide
before the start of the House Rules Committee meeting on the Limit Save Grow Act
of 2023 in the Capitol on Tuesday, April 25, 2023. (Bill Clark/CQ-Roll Call, Inc
via Getty Images)

Some Republicans still appeared to be on a path to vote against the bill, even
after those changes. Rep. Tim Burchett, R-Tenn., told reporters that he was a
"no" on the bill because "I just can't get past $32 trillion in debt." He also
suggested frustration at leadership's handling of the situation, adding, "I had
a meeting with them today [Tuesday] and they missed it."

HOUSE WILL VOTE SOON TO CAP FEDERAL SPENDING AT 2022 LEVEL, RAISE DEBT LIMIT FOR
ONE YEAR: MCCARTHY



Rep. Nancy Mace, R-S.C., called the bill’s spending caps "weak" in comments to
reporters and also took issue with how leadership went about putting the bill
together. "There was no input from the conference or from all the members. It
was done behind closed doors. And only now are they getting feedback from those
that matter because there's a very slim majority. We shouldn't be doing this in
the 11th hour," she said.

However, McCarthy’s allies were optimistic. Rep. Garret Graves, R-La., who
McCarthy tapped to help lead the talks, gave Fox News Digital a firm "yes" when
asked if the bill would be up for a vote on Wednesday as he entered McCarthy’s
office, though said they were "still having conversations" on getting to 218.



Rep. Tim Burchett, R-Tenn., told reporters he was a hard "no" on the debt limit
bill. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

House Majority Whip Tom Emmer, R-Minn., told reporters on the way into the
Speaker’s chamber, "We’re going to pass it tomorrow."



Others, like House Freedom Caucus Chair Scott Perry, R-Pa., said the bill was
still "potentially evolving." He did not say how he would vote. However, another
leader of the conservative group, Rep. Chip Roy, R-Texas, wrote an op-ed in The
Federalist earlier touting the legislation. He told reporters on Tuesday
afternoon, "Most people are pretty happy with the product."

The close vote count forced McCarthy to agree to some changes, even though he
told reporters Tuesday night they would not be reopening the bill. "No, we're
going to pass the bill on the floor," he said when asked.

Rep. Chip Roy, R-Texas, said "most people" were happy with the legislation.
(Photo by Kevin Dietsch/Getty Images / Getty Images)

House GOP Conference Vice Chair Mike Johnson, R-La., similarly told reporters
earlier in the day that dealmakers were "done negotiating" on the bill’s
contents – but revealed that its road to passing the chamber could be
complicated on Thursday and Friday because of a few absences on the GOP side.



GET FOX BUSINESS ON THE GO BY CLICKING HERE

"I don’t think there’s any more changes to be made, and I think the whole
Republican conference is going to get on board with it," Johnson told the press.




MARKETS



Market Update sponsored by


Advertisement

Advertisement

Advertisement

Advertisement




Personal Finance
 * Mortgages
 * Student Loans
 * Credit Cards
 * Personal Loans
 * Savings
 * Insurance
 * 401k
 * Retirement
 * Tax Planning

Economy
 * Government Spending
 * Money & Policy
 * Small Business
 * Inflation

Markets
 * Stocks
 * US Markets
 * Cryptocurrency
 * Futures & Commodities
 * Bonds
 * ETFs
 * Business Leaders
 * Industries
 * Retail
 * Pre-Markets
 * Mutual Funds

Watchlist
Lifestyle
 * Entertainment
 * Rich & Famous
 * Travel
 * Cars
 * Airplanes
 * Food & Drinks
 * Arts

Real Estate
 * Personal
 * Commercial
 * Luxury Properties

Tech
 * Digital
 * Social Media
 * Gadgets
 * Business Tech
 * Healthcare Tech
 * Future Tech
 * AI
 * Space

Sports
 * NFL
 * NBA
 * MLB
 * NASCAR
 * Boxing
 * Soccer
 * Golf
 * Tennis

Opinion
Shows
 * Mornings with Maria
 * Varney & Co
 * Cavuto: Coast to Coast
 * Making Money with Charles Payne
 * The Claman Countdown
 * Bulls & Bears
 * The Evening Edit
 * Kennedy
 * Strange Inheritance with Jamie Colby
 * Maria Bartiromo's Wall Street
 * WSJ at Large with Gerry Baker
 * Barron's Roundtable

About
 * Channel Finder
 * Jobs
 * Terms of Use
 * Updated Privacy Policy
 * FAQ
 * Media Relations
 * Corporate Information
 * Closed Captioning Policy
 * Accessibility Statement
 * Fox News
 * Fox Nation
 * Fox Business Go
 * Apps & Products

 * Facebook
 * Twitter
 * RSS

Fox Business
 * New Terms of Use
 * New Privacy Policy
 * Your Privacy Choices
 * Help
 * Closed Captioning Policy

Quotes displayed in real-time or delayed by at least 15 minutes. Market data
provided by Factset. Powered and implemented by FactSet Digital Solutions. 
Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed.
©2023 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy