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The Unravelling of the McCarthy Speakership

Updated: Oct 6, 2023


TOPIC: The fallout and implications of the McCarthy-Biden debt deal.


MONEYLINE:

"Kevin McCarthy took that House passed bill, the Limit Save Grow Act, and basically threw it in the trash."

Key Takeaways:

  • During the debt-limit "fight," the Limit Save Grow Act was disregarded, signaling a deviation from his agreed-upon strategies with the 20 members that initially opposed him in January.

  • McCarthy chose a different negotiation path with Biden on the debt limit deal, sparking internal unrest within the Republican conference.

  • The debt deal was seen as a violation of previous agreements and a betrayal, but House Republicans gave him a second chance.

  • Trust within the party was significantly eroded due to these actions, as the caucus felt sidelined and disregarded during the negotiation process.

  • Kevin McCarthy's second chance lasted only until he violated the deal again with passing the continuing resolution to fund the government after the September 30 deadline.

RESOURCES:


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