The Unravelling of the McCarthy Speakership

TOPIC: The fallout and implications of the McCarthy-Biden debt deal.

MONEYLINE:

"Kevin McCarthy took that House passed bill, the Limit Save Grow Act, and basically threw it in the trash."

Key Takeaways:

• During the debt-limit "fight," the Limit Save Grow Act was disregarded, signaling a deviation from his agreed-upon strategies with the 20 members that initially opposed him in January.

• McCarthy chose a different negotiation path with Biden on the debt limit deal, sparking internal unrest within the Republican conference.

• The debt deal was seen as a violation of previous agreements and a betrayal, but House Republicans gave him a second chance.

• Trust within the party was significantly eroded due to these actions, as the caucus felt sidelined and disregarded during the negotiation process.

• Kevin McCarthy's second chance lasted only until he violated the deal again with passing the continuing resolution to fund the government after the September 30 deadline.

RESOURCES: