With McCarthy elected speaker, House GOP readies for fiscal showdowns
1/8/23
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from The Washington Post,
1/8/23:
The stakes for the economy could be great as Republicans eye the debt limit and a deadline to fund the government as leverage in talks with the Biden administration.
House Republicans are set to steer the country toward a series of fiscal showdowns as they look to force the White House to agree to massive spending cuts, threatening a return to the political brinkmanship that once nearly crippled the economy and almost plunged the U.S. government into default.
The prospect for a catastrophe rose dramatically after conservatives brokered a deal with Rep. Kevin McCarthy (R-Calif.) that clinched his election as the speaker of the House early Saturday.
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