McCarthy's debt ceiling plan gets mixed reception from House Republicans
CBSN
After House Speaker Kevin McCarthy briefed House Republicans on the outlines of a bill to raise the debt ceiling in exchange for spending cuts and policy changes, lawmakers emerged seeking more details, but they were optimistic about the prospect of writing a bill that could win the support of at least 218 members of their party.
"I think the conference is closer to yes and passing something than it is away from it at this point," said Rep. Drew Ferguson of Georgia, who helped with the party's vote-counting operation in the last Congress.
In an effort to push the White House into a negotiation, McCarthy on Monday unveiled a plan in a speech at the New York Stock Exchange that would lift the debt ceiling for a year, return the federal government spending to fiscal year 2022 levels, and limit spending increases over the next 10 years to 1% of annual growth.
