The Frankfort LINK
What's happening in Frankfort? We'll tell you! The Frankfort LINK provides you with Northern Kentucky political news, straight from Kentucky's capitol. Each week, LINK nky's Government and Politics Reporter Mark Payne tackles important updates from state senators, representatives, and Governor Beshear so you know what the important topics of discussion are in Kentucky.
The Frankfort LINK
The Frankfort LINK: Massie’s ‘yes’ vote key to passing of debt limit bill
Northern Kentucky Congressman Thomas Massie voted in favor of the debt limit bill that suspends the country’s borrowing limit until January 2025 and reduces the federal deficit but also showed support for spending cut provisions if Congress doesn’t pass mandatory appropriation bills.
Massie’s vote just days earlier in the House Rules Committee, however, proved crucial to the Fiscal Responsibility Act moving to a House floor vote, where it passed Wednesday night. It then passed the Senate on Thursday.
The 99-page bill suspends the $31.4 Trillion debt limit until January 2025. It cuts federal spending by $1.5 trillion over the next decade, according to the Congressional Budget Office, which includes $11 billion returned from COVID-19 pandemic funding.
The Rules Committee voted 7-6 on a rule that governed debate over the debt bill, which ensured the bill reached the House and would pass the lower chamber — Massie’s ‘yes’ vote gave the rule a narrow margin that allowed the bill to pass by the June 5 deadline to avoid default.
Listen to hear more on this week's episode.