WEBVTT 00:01.133 --> 00:02.600 align:left position:20% line:83% size:70% GEOFF BENNETT: Welcome to the "NewsHour." 00:02.600 --> 00:04.600 align:left position:10% line:83% size:80% The debt limit deal forged by President Biden and 00:04.600 --> 00:08.500 align:left position:10% line:77% size:80% House Speaker Kevin McCarthy tonight heads into a crucial final stretch, 00:08.500 --> 00:13.500 align:left position:10% line:77% size:80% with less than a week to win congressional approval before a June 5 default deadline. 00:15.500 --> 00:17.500 align:left position:10% line:77% size:80% AMNA NAWAZ: Some in both parties oppose the weekend agreement. But the White 00:17.500 --> 00:21.100 align:left position:10% line:77% size:80% House and House Republican leaders say they will push it to passage. 00:21.100 --> 00:24.900 align:left position:10% line:77% size:80% White House correspondent Laura Barron-Lopez begins our coverage. 00:24.900 --> 00:29.866 align:left position:10% line:77% size:80% LAURA BARRON-LOPEZ: President Biden and House Speaker Kevin McCarthy are 00:29.866 --> 00:33.133 align:left position:20% line:77% size:70% racing to secure the votes needed to pass their debt ceiling deal. 00:33.133 --> 00:37.033 align:left position:10% line:77% size:80% REP. KEVIN MCCARTHY (R-CA): I'm not sure what in the bill people are concerned 00:37.033 --> 00:42.000 align:left position:20% line:77% size:70% about. It is the largest savings of $2.1 trillion we have ever had. 00:42.000 --> 00:45.633 align:left position:10% line:77% size:80% LAURA BARRON-LOPEZ: At the White House, the director of the Office of Management and Budget, 00:45.633 --> 00:48.533 align:left position:10% line:83% size:80% Shalanda Young, urged Congress to pass it quickly. 00:48.533 --> 00:50.033 align:left position:10% line:77% size:80% SHALANDA YOUNG, Director, Office of Management and Budget Director: This 00:50.033 --> 00:52.933 align:left position:10% line:83% size:80% agreement represents a compromise, which means no 00:52.933 --> 00:57.166 align:left position:10% line:77% size:80% one gets everything that they want and hard choice -- choices had to be made. 00:57.166 --> 01:02.133 align:left position:10% line:71% size:80% LAURA BARRON-LOPEZ: Their bipartisan compromise suspends the debt ceiling until January 2025, 01:04.100 --> 01:07.866 align:left position:10% line:77% size:80% beyond the next presidential election. It also imposes modest federal spending 01:09.500 --> 01:13.133 align:left position:20% line:77% size:70% cuts over the next two years, eases permitting for energy projects and 01:14.566 --> 01:16.366 align:left position:10% line:83% size:80% increases work requirements for food stamp recipients. 01:18.300 --> 01:22.066 align:left position:10% line:77% size:80% But President Biden and Speaker McCarthy are facing pushback from Republicans and 01:22.066 --> 01:26.100 align:left position:20% line:77% size:70% Democrats alike as they try to sell their plan. Progressive Democrats 01:26.100 --> 01:29.100 align:left position:10% line:83% size:80% have criticized the process and some of the bill's provisions, 01:29.100 --> 01:34.033 align:left position:10% line:77% size:80% like new work requirements for low-income Americans receiving food aid benefits. 01:34.033 --> 01:36.533 align:left position:10% line:77% size:80% REP. GREG CASAR (D-TX): I think it's right for Democrats to get this deal done, 01:36.533 --> 01:40.200 align:left position:10% line:83% size:80% but for a large number of progressives to say, no, 01:40.200 --> 01:44.833 align:left position:10% line:77% size:80% this entire process where the American economy can be held for ransom, that's a no-go. 01:44.833 --> 01:46.766 align:left position:30% line:89% size:60% MAN: Mr. Roy. 01:46.766 --> 01:49.566 align:left position:10% line:77% size:80% LAURA BARRON-LOPEZ: Some Republicans, like House Freedom Caucus member Chip Roy of 01:49.566 --> 01:53.700 align:left position:10% line:77% size:80% Texas, say the bipartisan package doesn't do enough to cut spending. 01:53.700 --> 01:58.666 align:left position:10% line:77% size:80% REP. CHIP ROY (R-TX): Not one Republican should vote for this deal. It is a bad deal. 02:00.733 --> 02:05.300 align:left position:10% line:77% size:80% No one sent us here to borrow an additional $4 trillion to get absolutely nothing in return, 02:10.533 --> 02:15.533 align:left position:10% line:77% size:80% but, at best, if I am being really generous, a spending freeze for a couple of years. 02:17.633 --> 02:20.733 align:left position:20% line:77% size:70% LAURA BARRON-LOPEZ: Roy is a member of the House Rules Committee, 02:20.733 --> 02:25.733 align:left position:10% line:71% size:80% which presented the first major test for the deal this afternoon, as it debated the 99-page bill. 02:27.200 --> 02:30.633 align:left position:10% line:83% size:80% Democrats, like Ranking Member Jim McGovern of Massachusetts, 02:30.633 --> 02:33.633 align:left position:20% line:83% size:70% accused Republicans of risking a default. 02:33.633 --> 02:35.800 align:left position:10% line:83% size:80% REP. JIM MCGOVERN (D-MA): By weaponizing the debt ceiling, 02:35.800 --> 02:40.800 align:left position:10% line:77% size:80% Republicans are establishing a precedent that will haunt us forever, that one party can use 02:43.366 --> 02:47.466 align:left position:10% line:71% size:80% the full faith and credit of the United States as a hostage to pass their wildly unpopular ideas. 02:49.466 --> 02:52.833 align:left position:10% line:77% size:80% LAURA BARRON-LOPEZ: With less than a week to go before a potential historic default, 02:52.833 --> 02:56.266 align:left position:10% line:83% size:80% some Republicans also threatened McCarthy's speakership. 02:56.266 --> 02:59.066 align:left position:20% line:77% size:70% REP. DAN BISHOP (R-NC): If we take McCarthy out, whatever the path is, 02:59.066 --> 03:04.033 align:left position:10% line:77% size:80% but those Republicans have to avoid being destroyed themselves by voting for this. 03:05.166 --> 03:06.633 align:left position:20% line:83% size:70% LAURA BARRON-LOPEZ: Still, Republican House 03:06.633 --> 03:09.600 align:left position:10% line:83% size:80% leaders expressed confidence the deal would ultimately pass. 03:09.600 --> 03:13.000 align:left position:20% line:83% size:70% For the "PBS NewsHour," I'm Laura Barron-Lopez.