To Win the Speakership, Kevin McCarthy Had To Promise To Cut Spending. Good.

After 15 failed attempts, Rep. Kevin McCarthy (R–Calif.) finally secured the House speakership. Many worry that the concessions McCarthy made to secure his victory—especially commitments to restrain government spending—make the upcoming prospect of raising the debt ceiling perilous. Indeed, some fear that Republicans will refuse to raise the limit if it isn’t paired with restraints […]