Finally, House Speaker Kevin mccarthy is still trying to
get those votes to raise the debt ceiling by$1.5
trillion. That in order to avoid a debt default
, House Republicans though, aren't there for mccarthy's proposal
just yet to extend the debt ceiling for another year
. Their debt ceiling bill would cut government deficits by
about$4.8 trillion over the next 10 years. Now
, if that bill passes, it still faces trouble
in the democratically controlled Senate.