McCarthy Says House Will Vote to Lift Debt Ceiling Into 2024

The House of Representatives will vote to lift the nation’s debt ceiling until sometime in 2024, according to Speaker Kevin McCarthy (R-Calif.), relieving anxiety about a potential default on U.S. financial obligations.
The speaker made the announcement in a speech at the New York Stock Exchange on April 17, during which he also outlined the broad strokes of a Republican plan to reduce federal spending, which will also be voted on by the House in upcoming weeks.
The announcement seemed to be aimed at increasing pressure on President Joe Biden to enter into negotiations over raising the debt ceiling, which have been at an impasse since Biden announced his 2024 budget proposal on March 9….}