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.
“It gave [Republicans] the ability to say that they had the one bill that would avoid a default. And then when 43 Senate Republicans, including [Minority Leader Mitch] McConnell, signed a letter saying they would not vote for cloture for a debt ceiling that was not approved by McCarthy, that really shifted the whole balance of power,” Gingrich, a contributor to the publication, told The Epoch Times on May 19….