U.S. debt ceiling deal already facing new hurdles

The newly minted debt ceiling deal is already facing hurdles, with a few members of Congress vowing to shut it down as soon as they see it. Both President Biden and House Speaker Kevin McCarthy are calling the deal a compromise, but they are facing backlash from edges of each of their parties. CBS 8's Jesse Pagan breaks it all down so we can better understand. Jesse says that right now, Biden and McCarthy are looking to guide the Fiscal Responsibility Act.

The bill is in the very early stages of moving through Congress, starting with the House Rules Committee. Some members of that committee are already vowing to do what they can to stop it. The conservative House Freedom Caucus, including a few House Rules Committee members, is presently identifying how the bill will move forward and is already saying they will stop the current debt ceiling deal. This group will oppose it and continue to fight it today, tomorrow, and no matter what happens.

The Fiscal Responsibility Act of 2023 would raise the debt ceiling for two years while federal spending stays flat. Unused coveted remedy cash would be reclaimed, there would be cuts to the IRS, and there would be new work requirements for some people on food aid programs. As lawmakers get back to Washington from the holiday weekend, California representative and Republican Speaker of the House Kevin McCarthy is attempting to sell his colleagues on the deal. Several Democrats aren't too satisfied either, but leadership is pledging the necessary votes to get the deal passed. So far, San Diego's Congressional members haven't hinted publicly on how they'll vote.

White House negotiators will brief House Democrats tomorrow morning, and the final vote is expected to happen tomorrow night. But there are already dozens of amendments that may delay that vote and fly dangerously close to the default deadline of June 5th.