Kevin McCarthy’s Debt Ceiling Dilemma

<p>Last week, Speaker Kevin McCarthy persuaded Republicans to narrowly pass a bill to raise the U.S. debt ceiling, setting up high-stakes negotiations with the Biden administration.</p><p>Catie Edmondson, who covers Congress for The New York Times, explains the risks this might pose to his job and the country’s economy.</p><p><a href="https://www.nytimes.com/by/catie-edmondson">Catie Edmondson</a>, a congressional correspondent for The New York Times.</p><p>Background reading: </p><ul><li><a href="https://www.nytimes.com/2023/04/26/us/politics/debt-limit-vote-republicans.html">House Republicans have narrowly passed a bill to raise the debt ceiling</a> while cutting spending by nearly 14 percent over a decade.</li><li>Here’s a look at<a href="https://www.nytimes.com/live/2023/04/26/us/debt-ceiling-vote-news#heres-whats-in-the-gop-debt-limit-bill"> what is in the bill</a>.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>