McCarthy Says House Will Vote on Lifting Debt Ceiling Into 2024

McCarthy Says House Will Vote on Lifting Debt Ceiling Into 2024
House Speaker Kevin McCarthy delivers a speech on the econony at the New York Stock Exchange (NYSE) on April 17, 2023. Timothy A. Clary /AFP via Getty Images
Lawrence Wilson
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The House of Representatives will hold a vote on a proposal to lift the nation’s debt ceiling until sometime in 2024, according to House Speaker Kevin McCarthy (R-Calif.), relieving anxiety about a potential default on U.S. financial obligations.

McCarthy, during a speech at the New York Stock Exchange on April 17, also outlined the broad strokes of a Republican plan to reduce federal spending, which will also be voted on by the House “in the coming weeks.”