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cryptonews.com:

Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn't pass its first test in Congress.

Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before June 5.

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Representative Ralph Norman, a right-leaning member of the House Freedom Caucus, expressed strong opposition should the bill remain unaltered.

Norman, alongside two other conservatives in the 13-member panel, possesses the potential to derail the bill even before it arrives on the House floor.

Although the panel typically aligns with House leadership, the inclusion of the three members by McCarthy in January was a prerequisite for securing the speaker's gavel.

Representative Chip Roy, another panel member, dismissed the bill as lacking merit, while Representative Thomas Massie, the third member, hinted towards potential support for the package via a Monday tweet. His office, however, refrained from further comments.

While the panel's four Democrats generally oppose Republican-supported legislation, it remains uncertain whether they would reject a deal that Biden had a hand in crafting.

Despite the odds, McCarthy expressed no real concerns on Monday regarding the potential rejection of the bill by the Rules Committee.

Democrats and Republicans alike praised the deal, suggesting it could likely pass despite some Republican opposition.

Senate Majority Leader Schumer enthusiastically lauded its "targeted" cuts and new revenue, saying it would surely help reduce deficits. House Speaker