Republicans Get Massive Gas Pipeline Approval In Debt Ceiling Deal
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Both Kevin McCarthy and Joe Biden are facing backlash for their Debt Ceiling agreement.
After agreeing on a deal that will temporarily suspend the nation’s $31.4 trillion debt ceiling until Jan. 1, 2025, Biden and McCarthy are working to garner support from both parties in Congress to pass this measure in the upcoming week.
On Sunday evening, Biden and McCarthy publicly discussed the legislation and urged Congress to approve it before the June 5 deadline.
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Speaking to reporters at the U.S. Capitol, McCarthy said, “This is a good strong bill that a majority of Republicans will vote for. You’re going to have Republicans and Democrats be able to move this to the president.”
Despite Biden and McCarthy’s optimism, this agreement has received criticism from both the Republican and Democrat parties.
Republicans did get some wins in the agreement according to an article from Fox News.
House Republicans were able to get approval for a massive 303-mile West Virginia-to-Virginia natural gas pipeline.
The highly-anticipated debt ceiling package House Republicans and President Biden announced on Sunday includes a provision fast-tracking a massive 303-mile West Virginia-to-Virginia natural gas pipeline project for approval.
The unexpected carveout green-lighting the billion-dollar Mountain Valley Pipeline — which is 94% complete, but has been mired in a lengthy permitting process for years — was immediately cheered by West Virginia lawmakers who have touted the project’s expected economic benefits for years. The pipeline is projected to create 2,500 construction jobs, $40 million in new tax revenue for West Virginia, $10 million in new tax revenue for Virginia and up to $250 million in royalties for West Virginia landowners.
“After working with Speaker McCarthy and reiterating what completing the Mountain Valley Pipeline would mean for American jobs and domestic energy production, I am thrilled it is included in the debt ceiling package that avoids default,” Sen. Shelley Moore Capito, R-W.Va., the ranking member of the Environment and Public Works Committee, said in a statement.
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