McCarthy: Medicare, Social Security cuts 'off the table' in debt limit talks

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Loans Loans Headlines News

House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

House Speaker Kevin McCarthy on Sunday said that cuts to Medicare and Social Security were"off the table" ahead of upcoming talks with President Joe Biden over the debt ceiling.on the CBS program"Face the Nation," the California Republican said that while the GOP wanted spending cuts as part of a deal to raise the debt limit, they did not want to target those two specific programs.

When host Margaret Brennan asked McCarthy if"strengthen" meant that he wanted to raise the retirement age — which is generally between 66 and 67 — he disputed that notion. McCarthy during the interview said that he wanted to come to an agreement with Democratic leaders on a budget, and said that GOP leaders would be looking at everything in assessing spending levels — including defense-related programs.

The White House has repeatedly said that it would not negotiate spending cuts as it relates to the debt ceiling, but McCarthy appeared optimistic regarding a breakthrough.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All you need to do is cut all give waste…. Reduce the govt by 75% to start. Stop sending billions to foreign countries and stop printing money

I propose that the present income limit that has set for high income earners of $160,200 (2023) is eliminated and 6.2% is taken from 100% of one's salary.

Well understood!!!

Watch the snake like language. A freeze = a cut because of inflation.

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:

 /  🏆 729. in LOANS

Loans Loans Latest News, Loans Loans Headlines