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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

How's Republicans pass their bill to raise the debt limit along with some spending and other reforms,

but President Biden says he still won't negotiate with Republicans over the debt limit.

What's next in this fight?

And who has the political leverage now?

Plus a disappointing report on first quarter GDP growth only at 1.1%.

Is this a sign of a greater slowdown or even a recession to come?

Welcome on Paul Gigo with my colleagues on the Wall Street Journal opinion pages,

Simeone Uquay-Buru and Kim Strassel.

Welcome to you both.

First big victory for Kevin McCarthy.

Well, not the first legislative victory, but the first one which was really, really significant politically and was much doubted by many in the press corps.

And I think hoped for failure by the White House, but he succeeded 217 to 215 was the vote passed

with four Republican defections, but the conference held together would have been a disaster if it had not passed,

because if it had not passed, then House Republicans would have had no leverage at all going into the debt ceiling debate.

And the White House and the Senate would have cut their own bill and then tried to present it to McCarthy and the House Republicans as a fate, a complete,

the debt ceiling arriving maybe as soon as June.

Let's listen to Kevin McCarthy, the House Speaker, talk about the vote.

He's putting the American economy in jeopardy by his lack of action.

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