Did McCarthy really flip on his promises?
House Speaker Kevin McCarthy, a Republican from California, has faced significant criticism from fellow party members regarding the debt-limit agreement he negotiated with President Joe Biden. The primary source of contention revolves around the absence of desired reductions in federal spending, a key expectation held by numerous individuals.
According to Newsmax, during a nationally televised address to the nation on Friday night, President Joe Biden expressed his appreciation for House Speaker Kevin McCarthy’s role in the debt-limit deal. Biden credited McCarthy, despite criticism from within his own party, highlighting his support for the agreement.
Biden stated, “I want to commend Speaker McCarthy. You know, he and I and our teams, we were able to get along and get things done. We were straightforward with one another, completely honest with one another, respectful of one another. Both sides operated in good faith, both sides kept their word.”
Additionally, President Joe Biden extended his acknowledgement to House Minority Leader Hakeem Jeffries, a Democrat from New York, Senate Majority Leader Chuck Schumer, a Democrat from New York, and Senate Minority Leader Mitch McConnell, a Republican from Kentucky. Biden expressed his respect and recognition for their roles in the debt-limit deal during his address.
Biden added, “They acted responsibly and put the good of the country ahead of politics. A final vote on both chambers was overwhelming. Far more bipartisan than anyone felt it was possible. I want to thank the members of Congress who voted to pass this agreement, which I’m going to sign [Saturday] to become law.”
On Wednesday night, the debt-limit deal received approval from the House with a vote of 314-117. Notably, a greater number of Democrats than Republicans voted in favor of the agreement. Subsequently, on Thursday night, the deal secured passage in the Senate with a vote of 63-36. It is worth mentioning that 30 Republicans voted against the agreement during the Senate vote.
President Biden expressed the importance of reaching an agreement, describing it as very good news for the American people. He acknowledged that while no one achieved all of their desired outcomes, the agreement provided what the American people needed. Biden emphasized that the deal successfully averted an economic crisis and prevented an economic collapse. Furthermore, he highlighted the dual benefits of cutting spending while simultaneously reducing the deficit.