Lawmakers: Speaker Fight Portends Debt Ceiling Crisis

Thu Jan 5, 2023 AT 10:39 AM EST

The messy, drawn-out battle over electing the next speaker is raising the danger of a debt limit crisis later this year, lawmakers in both parties warn. 

Conservative rebels in the House are demanding that the next speaker, whether it’s Rep. Kevin McCarthy, R-Calif., or someone else, make a stand against passing a clean debt limit increase, which would set up a major fight with Senate Democrats and President Biden.  

Congress has successfully avoided a debt limit crisis since 2011, which was also the first year of a new House GOP majority.  

That year, the standoff between the Republican-controlled House and the Democrat-controlled Senate and White House brought the federal government within days of defaulting on its debt obligations.  Read Full Story

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