McCarthy's announcement comes after the debt ceiling reached its limit on Jan. 19, with House Republicans aiming to cut down on spending to address the situation. The debt ceiling was"one of the first things" McCarthy discussed with Biden when the president congratulated him on becoming speaker, McCarthy said during an appearance on CBS's Face the Nation.
McCarthy assured that Medicare and Social Security would not experience any reductions from the House, saying they are both"off the table." The California Republican also intends to make sure the United States's defense spending is protected, but also wants to"look at every dollar no matter where it’s being spent."
When asked if Congress would support a debt limit extension from June to September of this year, McCarthy failed to give a direct answer. Instead, McCarthy said he would"rather sit down with the president" and"have those discussions." "The one thing I do know is, we cannot continue the waste that’s happening, to continue to spend more money and leverage the debt of the future of America," McCarthy said."We’ve got to get to a balanced budget."The Biden administration is trying to pressure House Republicans to raise the debt ceiling as soon as possible. The House GOP, however, is trying to enact sharp spending cuts to address the debt ceiling.
Treasury Secretary Janet Yellen stated on Sunday she believes"we would have recession in the United States" if Congress does not raise the nation's debt ceiling this summer, saying the situation"would be devastating."
SpeakerMcCarthy POTUS Wondering if McCarthy has the you know whats to reject raising the debt ceiling?
SpeakerMcCarthy POTUS Nothing to discuss..cut spending
SpeakerMcCarthy POTUS Wish we could see all the video of this meeting😂😂😂😂😂
SpeakerMcCarthy POTUS Joe had better come to the table with not demanding but wanting to help resolve the problems.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Speaker McCarthy to meet President Biden on Wednesday to discuss debt ceiling, spending cuts'I want to sit down together, work out an agreement that we can move forward to put us on a path to balance,' House Speaker Mcarthy said Sunday. Biden says “Get the hell out of here” Shut it down. Don't be a Rino like Mitch Biden is a good man to take the time to talk to this piece of garbage.
Source: USATODAY - 🏆 100. / 63 Read more »
Biden, McCarthy to discuss debt limit in talks on WednesdayHouse Speaker Kevin McCarthy says he's looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling” when the two meet Wednesday at the White House.
Source: KPRC2 - 🏆 80. / 68 Read more »
Biden, McCarthy to discuss debt limit in talks on WednesdayHouse Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday for their first sit-down at the White House since McCarthy was elected to the post. Nah, shut the shit down until the budget is slashed & burned. No more debt increases... McCarthy thinks everyone will bend like he does. LOL Must have spending cuts. How about a Balanced Budget Amendment? We paid $850+ Million in interest on our debt last year alone. Irresponsible.
Source: WashTimes - 🏆 235. / 63 Read more »
McCarthy says he wants 'reasonable' debt ceiling deal, will meet with Biden on Wednesday'I want to find a reasonable and a responsible way that we can lift the debt ceiling but take control of this runaway spending,' McCarthy told 'Face the Nation.' His idea of reasonable may not be. There are many reasons to believe he is not telling the truth when saying this.
Source: CBSNews - 🏆 87. / 68 Read more »
House Speaker Kevin McCarthy to Meet With Biden, Expected to Discuss Debt CeilingPresident Biden and House Speaker Kevin McCarthy are scheduled to meet at the White House on Wednesday as Republican lawmakers push to tie spending cuts to an increase in the debt ceiling Remind me again why the GOP didn't do this when they had control of the House, the Senate and the White House under Trump and chose instead to blow up the deficit? The money printing and the government spending are the root causes of inflation Funny the Democrat just passed trillion dollar bill and you're blaming it on the Republicans?
Source: WSJ - 🏆 98. / 63 Read more »