Tonight, we all made history because this is the
biggest cut in savings this congress has ever voted for
the president called the agreement, good news for the
American people and says it protects key priorities and accomplishments
from the past two years. Let's bring in Bloomberg's
senior editor then Bill Ferries for the details. Bill
. What is the timeline then for a vote in
the Senate? And could there be any hiccups?
How clear is that path? Well, you're right
with the, the Senate passage looks a lot more
likely after the vote we had in the house where
you had even two thirds of Republicans joining in on
this along with an even higher percentage of House Democrats
, it goes to the Senate. It could easily
be on the president's desk by late Friday or Saturday
. I do think there's a good chance of some
hiccups or some politics being played on the Senate.
One person can really gum up the system a little
bit, but there is, I think broad recognition
that this will be on the president's desk ahead of
that June 5th Monday deadline when the US hits the
debt ceiling. So, Bill, how strong is
Speaker mccarthy's position given that he actually needed considerable democratic
help to get this passed. Right. That's something
, a lot of very conservative republicans are going to
be talking about in the days ahead. This Scott
did get broad Republican support, but he did need
Democrats to get this over the line. But the
reality is there are some of these Republicans are ones
who have never in their political careers, voted to
raise the debt ceiling regardless of who was in power
. And there are some people who voted against it
knowing it would pass so they could take a politically
safer option and vote against it. Not worrying about
whether, whether breaching the debt ceiling was going to
happen or whether a default was going to happen.
He, I think he's relatively safe for now.
The challenge, the opposition to mccarthy has is that
they have no viable candidate to replace him unless that
changes. I think he's going to remain the speaker
for the foreseeable future.