CHICAGO - The U.S. House is likely to secure enough votes for a debt ceiling compromise, possibly as early as Wednesday, in a crucial move to prevent a potential default that could have severe economic consequences.
Kentucky Republican, Rep. Thomas Massie's Tuesday night vote in favor of advancing the debt ceiling deal to the House floor disappointed two conservative members on the Rules Committee, who argue that the compromise concedes too much to President Biden and the Democrats.
"I want to be very clear, not one Republican should vote for this deal. Not one," expressed Rep. Chip Roy.
Although a few staunch conservatives went as far as contemplating the removal of Speaker Kevin McCarthy over the deal he negotiated with President Biden, McCarthy deemed it a significant victory for taxpayers.
"I'm not sure what in the bill people are concerned about. It is the largest savings of $2.1 trillion we've ever had," stated McCarthy.
Meanwhile, several Democrats expressed dissatisfaction with the spending caps and other concessions made to Republicans. Congressman Danny Davis, representing Chicago's West Side, indicated that he is currently leaning toward voting against the deal in the impending showdown.
"No! Am I happy with the approach and everything that is in it? No!" voiced Davis.
However, like other Democratic critics, Davis clarified that he would not actively block the passage of the deal. Some defended the compromise, suggesting that given Republican control of the U.S. House, a similar agreement would likely have emerged during budget negotiations later this year, including spending reductions and a two-year cap on increases.
"The bill, on balance, does several things. One, it averts catastrophic default. As Ranking Member Boyle articulated, the consequences of default on our debt would be devastating," emphasized Rep. Joe Neguse (D).
While internal divisions within both political parties remain the most significant obstacle to achieving the debt deal, leaders are confident in securing its passage well before the approaching debt default deadline next week.