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Quite a few Republican officials are unhappy with the debt ceiling deal, with one vowing “not to bankrupt our country.”

Kevin McCarthy with President Joe Biden at a May 22 meeting in the Oval Office on the debt ceiling.Saul Loeb/AFP/Getty Images

  • Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement on the debt ceiling.

  • Some Republican and Democratic congressmen aren’t happy with the deal’s fine print.

  • At least two Republican officials say they will not vote in favor of the deal.

Several Republican officials say they are unhappy with the debt ceiling deal after the White House and House Speaker reached a tentative agreement Saturday night.

Kevin McCarthy said he had two calls with President Joe Biden and reached an agreement in principle after weeks of intense negotiations.

The deal means the US will avert a sovereign debt default that could wreak havoc on financial markets and send the dollar plummeting – but the bill has yet to be passed in both the House and Senate.

Republican Congressmen Ralph Norman and Ken Buck both attacked the accord.

Norman, of South Carolina, called the deal “insane” in a tweet and said a debt ceiling increase “with virtually no cuts” was not what was agreed upon. He vowed not to vote to “bankrupt our country.”

Colorado’s Buck said he was “appalled” by the “surrender” to raising the debt ceiling. “Bottom line, by January 2025, the US will be $35 trillion in debt. This is totally unacceptable,” he tweeted.

Democratic Congressman Ritchie Torres also spoke out and appeared to tweet criticizing an aspect of the agreement.

The New Yorker said it will limit disabled people’s access to benefits and food stamps because the deal has “alleged time limits” on the Supplemental Nutrition Assistance Program.

After news of the settlement broke on Saturday, Rep. Marjorie Taylor Greene appeared to mock Democrats for not supporting the increase.

“Democrats seem happy,” she tweeted in response to another Twitter user who said the implications would be far-reaching, including poor people being pushed further into poverty by time caps on some welfare programs.

Rep. Bob Good also announced his intention to take action against the law. He tweeted, “I understand the ‘deal’ is for a $4 trillion increase in the debt ceiling. If that’s true, I don’t need to hear any more. No one claiming to be a Conservative could justify a YES vote.”

McCarthy said the text of the bill would be released on Sunday and the House vote is expected to take place on Wednesday.

Read the original article on Business Insider

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