As House Republicans remain divided on the debt limit deal struck by House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden, their Democrat colleagues have opted for a united front in support of the measure.
The bipartisan bill, dubbed the “Fiscal Responsibility Act,” suspends the debt limit until January 2025, sidestepping the looming threat of default by allowing the Treasury Department to continue paying the U.S. bills.
The deal has drawn backlash from Republicans and Democrats alike, with both groups decrying the concessions involved.
‘Victims of Extortion’
Jeffries was joined at the news conference by House Democratic Caucus Chairman Pete Aguilar (D-Calif.), Democratic Caucus Vice Chair Ted Lieu (D-Calif.), and Minority Whip Katherine Clark (D-Mass.), all of whom asserted that Republicans were to blame for bringing the nation to the brink of default.Challenging Republicans’ protestations over the nation’s climbing deficit, Aguilar contended: “This was never about deficits to Republicans. They turned down every reasonable opportunity to close loopholes that would affect our deficits. They want to stand behind their billionaire friends so they can pay less than teachers on their tax rate.”
Clark, meanwhile, accused Republicans of holding the American people hostage by demanding spending cuts in exchange for raising the debt limit.
“There is no perfect negotiation when you are the victims of extortion,” Clark noted. “Nobody likes to pay a ransom note, and that’s exactly what tonight’s vote is—our payment on the ransom of the American people.”
After passing the House Rules Committee on May 30, the bill is expected to come to a full House vote on May 31. But with many Republicans vocally denouncing the measure, it remains unclear whether McCarthy will be able to swing enough votes for the measure to pass.
“The fact that we still don’t know if the votes are there, that he is depending on Democrats to avert disaster, that is a reflection of the extremism, of the brinksmanship and the ideological rot that has taken hold of the Republican Party,” Clark said.
‘Crocodile Tears’
Despite garnering support from the more moderate faction of the Republican conference, the deal has been heavily criticized by the staunchly conservative Freedom Caucus for providing Biden with a “blank check” for the rest of his term.Other critics have held that McCarthy did not fight hard enough at the negotiating table for spending reforms.
As for some Democrats’ claims of dissatisfaction with the deal, Rep. Byron Donalds (R-Fla.) contended that the White House appeared “very cheery” in its messaging over the bill.
“It’s funny … that the White House is telling Democrats, ‘Have crocodile tears, but vote for the bill,’” he said at the Freedom Caucus’ news conference. “It’s funny that you have 100 Democrats who are now greenlighting that they will vote for this bill. You know why they’re going to do that? Because none of their policy is changed and they get to keep all of their spending.”
Offering a word of advice to his fellow Republicans, Donalds advised: “Do not vote for this bill. I’m telling you right now, your voters back home are going to look at you and say, ‘Why did you vote for a bill that keeps all of Joe Biden’s policy in place and all you did was raise the debt ceiling?’”