Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Kevin McCarthy’s ghost is haunting House GOPs’ next big legislative fight

by May 27, 2024
May 27, 2024
Kevin McCarthy’s ghost is haunting House GOPs’ next big legislative fight

He has been out of Congress for nearly half a year, but the shadow of former House Speaker Kevin McCarthy, R-Calif., is still looming large over the House of Representatives as lawmakers get ready for another intense government funding fight.

Last year, McCarthy agreed to suspend the U.S. debt limit through January 2025 in exchange for federal spending caps for the next two fiscal years, a deal he struck with President Biden called the Fiscal Responsibility Act. Under its terms, discretionary government funding can only grow by 1% in fiscal year 2025.

House appropriators are now wrestling with how to navigate that cap without severely impacting Homeland Security and Defense spending. Fiscal conservatives want negotiators to stick to the statutory cap, which is roughly $1.606 trillion. Defense hawks, meanwhile, are concerned about the effects of a meager increase and worry it could amount to a spending cut on national security when accounting for inflation.

‘That was a deal that McCarthy made, right? He’s not here anymore. But our hands might still, legally, be tied to it,’ one GOP lawmaker told Fox News Digital. 

‘I understand what the intent of the FRA was, but… the caps as written prevent us from effectively keeping pace with China. So, whatever is needed between leadership, the Senate and the president to allow us a little more maneuvering space in terms of the allocations between the federal agencies and the 12 bills, I think is necessary.’

Republican Study Committee Chairman Kevin Hern, R-Okla., conceded that ‘sure’ the caps constrained negotiators but urged them to work toward it as written.

‘Honestly, I’m having a difficult time figuring out why it’s so hard for us to establish the numbers. I mean, it was agreed to a two-year cap. You know, $1.606 trillion is the number, but it’s like everybody’s struggling to figure out what it really is,’ Hern said.

He noted that fiscal year 2024’s government funding level was ‘a little bit higher’ than the agreed-upon $1.59 trillion, thanks to ‘some sidebar deals that all of us found out about afterwards.’

‘But this cap is $1.606, and with no backroom cigar smoke-filled room deals. So we’ll see where my colleague Congressman Cole comes up with the appropriations,’ Hern said.

When asked about whether he felt constrained by the FRA, House Appropriations Committee Chairman Tom Cole, R-Okla., told Fox News Digital, ‘I mean, that’s the law, so we’re going to mark it up to what the law tells us to mark up to.’

Rep. Jake Ellzey, R-Texas, a member of the Appropriations Committee, similarly said, ‘We’re doing the best we can, it’s the law of the land. So you do what you can with what you’ve got — if frogs had wings, they’d be a lot more successful on not hitting their rear end when they jump.’

He also suggested that there would be certain hurdles brought by the FRA. ‘Based on the FRA, most of those bills are going to take a shave except for Defense and Homeland. And of course, even with the increase for those two, it’s a net decrease because of inflation, so real dollars are still getting cut no matter which spending bill you’re talking about,’ Ellzey said.

‘Chairman Cole has already made some good, hard, strategic decisions…so we’ve got some clear pictures of where we’re going, and we’re going to be far more aggressive on getting those bills done on time this year.’

Indeed, House GOP leaders are eyeing an ambitious schedule to get all 12 individual spending bills that fund the U.S. government passed well before the Sept. 30 deadline at the end of the fiscal year.

Majority Leader Steve Scalise, R-La., outlined a legislative calendar that would have them passed before Congress embarks on a monthlong August recess during a closed-door House GOP conference meeting earlier this week, a source familiar with his comments told Fox News Digital.

Last year’s government funding fight was marked by chaos and disagreements within the House GOP as members on the right of the conference pushed leaders to leverage a government shutdown in exchange for deeper spending cuts, while other Republicans sounded the alarm on the economic and political ramifications a shutdown would have.

The fight over funding the government in fiscal year 2024 was among the factors that led to McCarthy’s historic ouster last October.

Fox News Digital reached out to a representative for the former speaker for comment.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Israeli airstrike on Rafah kills 2 top Hamas commanders, dozens of civilians
next post
Post-Pandemic Setback: Fewer Women Among Top Earners in the City

You may also like

Madonna At It Again With New, Creepy Social...

November 12, 2022

Top House GOP group urges Speaker Johnson to...

November 1, 2023

Trump set to meet with world leaders in...

February 23, 2025

AJ Fischer Introduces InvestigateJ6 Website – Americans Deserve...

October 19, 2022

Dems claim GOP ‘conspiracy theories crumbled’ after Hunter...

June 12, 2024

NYC Mayor Adams receives praise from unlikely GOP...

May 22, 2023

Trump House GOP ally on board with tax...

April 22, 2025

Hur testifies Biden ‘willfully retained classified materials,’ but...

March 13, 2024

Johnson says House will ‘apply every amount of...

March 15, 2024

Israel recovers 6 dead hostages in ‘complex rescue...

August 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved