Breaking News: House Republicans passed their debt ceiling bill, which ties a debt limit increase to spending cuts in a bid to force President Biden to negotiate or risk a catastrophic default. It passed on a 217 to 215 vote. https://t.co/Zw0a0spT3s pic.twitter.com/5cAV98mqq4

— The New York Times (@nytimes) April 26, 2023

Facing his greatest challenge since being elected to his post, Speaker Kevin McCarthy barely cobbled together the votes to pass the bill, which was approved in a nail-biter 217-to-215 vote along party lines, with four Republicans voting against it. The legislation would raise the debt ceiling into next year in exchange for freezing spending at last year’s levels for a decade — a nearly 14 percent cut — rolling back parts of Mr. Biden’s landmark health, climate and tax law, imposing work requirements on social programs and expanding mining and fossil fuel production.

[McCarthy pulls off an important win — and puts the ball in the court of Democrats, especially Chuck Schumer. McCarthy made that point explicit a few minutes ago. — Ed

McCarthy to Biden after House passage: “The Republicans have raised the debt limit. You have not. Neither has Schumer.”

— Andrew Desiderio (@AndrewDesiderio) April 26, 2023