Debt-ceiling standoff: McCarthy floats spending cuts, work requirements in letter to Biden

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House Speaker Kevin McCarthy outlined some of his demands in the heating-up debate over raising the U.S. debt ceiling, while the Biden administration has demanded an increase in the borrowing limit without conditions.

House Speaker Kevin McCarthy on Tuesday outlined some of his demands in the debate over raising the U.S. debt ceiling, listing proposals including cutting “excessive” domestic spending and beefing up work requirements for certain Americans.

McCarthy’s letter is short on specifics but includes ideas that he says would achieve budgetary savings including reclaiming unspent COVID-19 funds, “strengthening work requirements for those without dependents who can work,” and measures to lower energy CL.1, +1.06% costs. “If they want to have a conversation about our nation’s economic and fiscal future, it’s time for them to put out a budget — as the president has done with his detailed plan to grow the economy, lower costs, and reduce the deficit by nearly $3 trillion,” she said.

 

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mrtgr Your tweet omits the emptiness of McCarthy's position--have HouseGOP produced a budget? Details of what they'd cut? At least Biden released a budget

It's important to hear from all sides of this debate, and we appreciate House Speaker McCarthy's input. Looking forward to the discussion and the possibility of finding a solution that works for everyone. debtceilingdebate

We need to be mindful of the importance of the debt ceiling debate and make sure our leaders use it to benefit the American people. It's essential to analyze Speaker McCarthy's demands through the lens of what's best for the country. debtceilingdebate

It will be interesting to see how the debate over the debt ceiling evolves as Speaker McCarthy's demands are taken into account.

Demands? We don’t negotiate with terrorists who refuse to pay their bills

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House Speaker Kevin McCarthy says Biden ‘missing’ from debt talksHouse Speaker Kevin McCarthy (R-Calif.) pressed President Biden on Tuesday to kickstart talks over raising the nation’s debt ceiling, saying the White House has been “completely missing in action” …
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McCarthy demands a meeting with Biden. The White House says, ‘Show us your budget.’House Speaker Kevin McCarthy (R-Calif.) on Tuesday demanded a meeting with President Biden to discuss the nation’s debt limit — a move that the White House and Democrats suggested was premature. At first I thought it was going to say to discuss assualt rifle laws….but nahh what was I thinking… 🙄 Did you saw this today in France ? Demanded. Kevin demanded. Kevin no longer has a leadership role. He is merely a mouthpiece for the party’s extreme right wing. On a side note, interesting that Netanyahu seems to have traded for a title in much the same way.
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'We've made no progress': Here's where debt ceiling talks stand as the U.S. tries to avoid defaultHouse Speaker Kevin McCarthy told CNBC's Squawk Box there has been 'no progress' in debt ceiling negotiations between House Republicans and the White House. A balanced budget amendment is needed. Saying the 'U.S. is trying to avoid a default' is a lie. The GOP is trying to create one as blackmail to cut gov. spending/services for the vulnerable & disadvantaged. Not until the GOP in the post Bush era has raising the debt ceiling become an 'issue.' Disingenious report So now its time for us to all drown instead of just the American people who's dying from JoeBiden out of control spending. SpeakerMcCarthy your a joke in the eyes of joe biden's admn. ugh
Source: CNBC - 🏆 12. / 72 Read more »