Rep. Mark Meadows questions IRS Commissioner John Koskinen before the House Oversight and Government Reform Committee in Washington

Exclusive: House conservative leaders – too late to stop debt ceiling hike

Rep. Mark Meadows questions IRS Commissioner John Koskinen before the House Oversight and Government Reform Committee in WashingtonBy David Lawder WASHINGTON (Reuters) – Leaders of the U.S. House of Representatives’ most influential conservative group told Reuters on Monday it was too late to stop an extension of the federal debt ceiling this week, but they will not hold it against the expected next House Speaker, Paul Ryan. Representatives Mark Meadows, Jim Jordan and Mick Mulvaney, founders of the hard-right Freedom Caucus, told Reuters in an interview that there was not enough time for House Republicans to rally around a list of demands for raising the $18.1 trillion U.S. borrowing limit. Outgoing House Speaker John Boehner is working with Democratic and Republican congressional leaders to finalize terms of an extension of federal borrowing authority through March 2017 along with a $112 billion deal to ease military and domestic spending caps for two years, according to House and Senate aides and lawmakers.

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