Possible to Get Deal by June 1: Rep. French Hill on Debt Limit

The transcript discusses ongoing negotiations between Republicans and Democrats regarding the debt ceiling. It highlights the importance of reaching a bipartisan agreement and the challenges posed by differing views on spending controls and fiscal responsibility. The June 1st deadline set by Treasury Secretary Janet Yellen is debated, with some questioning its accuracy. The discussion also covers the need for a sensible approach to raising the debt ceiling and the appropriations process for government spending.

What are the main objectives of House Republicans in the negotiations?

• Increase domestic spending

• Cap the growth of domestic spending and return to pre-pandemic priorities

• Focus on international trade agreements

• Expand healthcare funding

What is the significance of the June 1st date mentioned in the negotiations?

• It is the deadline for tax submissions

• It is the earliest possible date the government may not fulfill its obligations

• It marks the end of the fiscal year

• It is the date for the next presidential election

Who is responsible for setting the June 1st deadline?

• The Speaker of the House

• Treasury Secretary Janet Yellen

• The President

• The Senate Majority Leader

What is necessary for a bipartisan agreement on the debt ceiling?

• Approval from the Supreme Court

• Agreement from Joe Biden, Kevin McCarthy, Mitch McConnell, and Chuck Schumer

• Endorsement by international financial institutions

• Support from all state governors

What fiscal policy is proposed by House Republicans for future spending?

• A 5% increase in domestic spending annually

• A 1% growth cap in domestic spending for the next 10 years

• A freeze on all government spending

• An increase in military spending only

What is the proposed baseline for spending according to the House Republicans?

• FY2025 spending levels

• FY2022 spending levels

• FY2019 spending levels

• FY2020 spending levels

What challenge is associated with returning to FY2022 spending levels?

• It requires cuts in defense, Social Security, and Medicare

• It necessitates a new budget framework

• It involves increasing taxes

• It demands international approval