Despite deep disappointment from right-flank Republicans that the compromise falls short of the spending cuts they demanded, McCarthy insisted he would have the votes needed.
He characterized the package as “just a small step” toward getting the U.S. debt load under control, and announced he would next be working to set up a bipartisan commission to more deeply address budget imbalances.
“Today, America is going to win,” he said
Quick approval by the House and later in the week by the Senate would ensure government checks will continue to go out to Social Security recipients, veterans and others and would prevent financial upheaval at home and abroad. Next Monday is when the Treasury has said the U.S. would run short of money to pay its debts, risking an economically dangerous default.
The package leaves few lawmakers fully satisfied, but Biden and McCarthy were counting on support from the political center, a rarity in divided Washington, testing the leadership of the Democratic president and the Republican speaker.
One boost came Wednesday morning when the bipartisan congressional Problem Solvers Caucus announced its endorsement, likely bringing dozens more votes to the tally.
Overall, the 99-page bill restricts spending for the next two years, suspends the debt ceiling into January 2025 and changes policies, including new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas line that many Democrats oppose.
For more than two hours late Tuesday as aides wheeled in pizza at the Capitol, McCarthy walked Republicans through the details, fielded questions and encouraged them not to lose sight of the bill’s budget savings.
The speaker faced a sometimes tough crowd. Leaders of the hard-right House Freedom Caucus spent the day lambasting the compromise as falling well short of the needed spending cuts, and they vowed to try to halt passage.
“This deal fails, fails completely,” Rep. Scott Perry, R-Pa., the chairman of the Freedom Caucus, said, flanked by others outside the Capitol. “We will do everything in our power to stop it.”
A much larger conservative faction, the Republican Study Committee, declined to take a position. Even rank-and-file centrist conservatives were unsure, leaving McCarthy hunting for votes.
Rep. Nancy Mace, R-S.C., said after the “healthy debate” late into the night she was still a no.
Ominously, the conservatives warned of possibly trying to oust McCarthy over the compromise.
“There’s going to be a reckoning,” said Rep. Chip Roy of Texas.
Biden was speaking directly to lawmakers, making more than 100 calls, the White House said.