EXCLUSIVE: McCarthy Holds ‘Most of the Cards’ in Debt Ceiling Negotiations, Gingrich Says

House Speaker Kevin McCarthy (R-Calif.) speaks to the press after meeting with President Joe Biden and other leaders at the White House in Washington on May 16, 2023. Madalina Vasiliu/The Epoch Times

House Speaker Kevin McCarthy (R-Calif.) has the upper hand in negotiations with President Joe Biden on raising the debt ceiling and cutting federal spending, according to former House Speaker Newt Gingrich.

Gingrich said that the House’s passage of the Limit, Save, Grow Act on April 26 was a key moment in breaking the stalemate Biden and McCarthy.