Just two weeks after agreeing to specific spending caps as part of the deal to avoid defaulting on the nation’s debts, House Speaker Kevin McCarthy consented to even deeper cuts to induce cooperation from a disgruntled, recalcitrant faction of his conference’s ultra-conservatives.One problem with this plan: The House is not the only chamber in Congress. McCarthy’s pledge to hold spending to 2022 levels, which would result in $120 billion more in spending cuts, figures to set up a confrontation with the upper chamber, which is controlled by Democrats (although few Senate Republicans are likely to support the House deal). Abandoning the deal between McCarthy and Biden—which Congress passed wit
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