House Minority Leader Kevin McCarthy has released a debt limit proposal that he hopes will bring the Democratic-led Congress to the negotiating table. However, there is no guarantee that McCarthy can bring his party together to support the bill. He can only afford to lose four votes and faces opposition from both the left and the right of his party. Furthermore, his proposal has no chance of passing the Senate. Republican intransigence on raising the debt limit threatens US financial stability, and Biden says he's willing to talk as long as Republicans agree to stop holding the economy hostage. While McCarthy attempts to shift the blame equation to the President, the White House argues that Congress has a moral obligation to act since the debt is needed to pay for past spending, some of it during the Trump administration. The supposedly moderate Republicans could end the crisis if they joined Democrats in supporting a clean debt limit increase. A shadow war over moderates is currently underway between the White House and McCarthy, with Republicans from districts won by Biden in 2020, self-described "governing" Republicans, and members of the Problem Solvers Caucus potentially offering the best hope for a resolution.