The Texas senator is the latest GOP lawmaker to speak out against the deal reached between President Joe Biden and House Speaker Kevin McCarthy.
Senator Ted Cruz, a Texas Republican, signaled opposition on Sunday to the deal reached to raise the country’s debt limit by President Joe Biden and House Speaker Kevin McCarthy.
Biden and McCarthy, a California Republican, announced a tentative deal on Saturday night to raise the $31.5 trillion debt limit for two years while also cutting federal spending. The deal comes just days before the United States is set to default on its commitments—which experts say would have devastating impacts to the global economy.
The deal is being touted as a compromise, with neither side receiving everything on their wish list during negotiations. The deal will extend the debt limit until January 2025, cap spending in the 2024 and 2025 budgets, repeal unused COVID-19 relief funds, cut Internal Revenue Service (IRS) funding and add work requirements for food aid programs, CNN reported.
Now, the deal must receive support from a majority of lawmakers in the U.S. House of Representatives and the Senate. Already, various factions of Congress are threatening to withhold their support for the agreement. Progressives Democrats are condemning the GOP’s spending cuts and the new work requirement.
