He opened a new phase in the debt ceiling fight by saying House Republicans would pass their own standalone debt ceiling hike with spending cuts and stricter work requirements.
US House Speaker Kevin McCarthy delivers a speech on the econony at the New York Stock Exchange in New York on April 17, 2023.House Speaker Kevin McCarthy said Republicans will vote in the coming weeks on a bill to raise the debt ceiling for one year, while cutting the federal budget and imposing new work requirements for Medicaid and food stamps.
As of Monday, however, there was no bill, just McCarthy's proposal. And even if there were a bill to vote on, it's unclear whether McCarthy would have the support within his own fractious caucus to pass it. Shortly after his speech, CNBC's Sara Eisen asked McCarthy if he had the support of House Republicans for the debt ceiling proposal he had just laid out. McCarthy did not say yes.McCarthy also sought to get out ahead of claims by Democrats and even"Don't believe anyone who says our plans hurt Americans' social safety net," he said. "We are a very generous nation. And when people fall on tough times, we'll help them.
carlquintanilla Hang in there, Sarah. These guys put $7T on the Debt, as you are aware, but now claim fiscal responsibility.
carlquintanilla Dem shill Carl Quintanilla (his Twitter feed spews identity politics & Dem narratives. Reckless spending should be only reason for potential downgrade. US will not “default” on Treasury obligations even if debt ceiling is (temporarily) not raised.
carlquintanilla The 'debt crisis' is ENTIRELY A HOUSE SELF IMPOSED PROBLEM. The president HAS NOTHING TO DO WITH HOW THE HOUSE PAYS ITS OWN BILLS.
carlquintanilla There is enormous capital locked up in a FEW Americans. The richest 50 Americans equal the same amount of money as the lower 165 million Americans. If that wealth was unleashed, the country would be able to provide a higher standard of living and expand our lead in the world.
carlquintanilla SotH in name only. We all know who the real Speaker is.
carlquintanilla I’d say it was about time.
carlquintanilla LOL You mean HEIGHT of the pandemic because 'heighth' is not a word. 🙄 GOPClownShow
carlquintanilla Hosts are pissed because spending needs to be unchecked.
carlquintanilla Mr. Speaker just keep on printing phony money because we are liberals. Oh and Jim says invest in silicon valley bank. The way to lose fastmoney
carlquintanilla
carlquintanilla I love how Speaker McCarthy doesn’t answer the question
carlquintanilla Hey Carl….. when, if ever, do you think government spending needs to be reduced
carlquintanilla Biden should use his executive power and rise or abolish the debt ceiling 💸
SaraEisen Sara is amazed that Republicans don’t march in lockstep like her Democrats do!
SaraEisen Weird way to say 'buy gold' but OK.
SaraEisen SpeakerMcCarthy was excellent!
SaraEisen Anchors hostile to McCarthy very unprofessional.
SaraEisen “I’ll ask them and get back to you “
SaraEisen CharlieMcCarthy
Sooooo wheres your budget……
Eliminate trump’s unfunded and misguided tax cuts
Gotta 'curve' it. Okie dokie Kev
NYSE He is a joke. Make a case when you have a propsed budget. Right now, all talk and no actions.
NYSE Your anchors are getting too political You know who they are, please reel them in
NYSE He didn't make a case because there is no case for not raising the debt limit and also doing so in a timely and responsible fashion. He has the option to do that and chooses not to.
NYSE All about politics the political division will make America to fall
NYSE !
NYSE I’m sorry, but where was he 6 years ago?
carlquintanilla Carl would never ask a Democrat that question.
carlquintanilla carlquintanilla is liberal so he’s baiting McCarthy
carlquintanilla Wooooooord saaaaalaaaaaddddd
carlquintanilla You put on a racist American traitor who lies about everything…….think you are part of the problem…..
carlquintanilla Carl the woke must be fuming 😆 The ponzi can’t go up without more debt on the backs of Americans. Hurry up and pass it before we see Bill Ackman crying for welfare with another massive thread on Twitter.
carlquintanilla Great to see SpeakerMcCarthy MANSPLAIN the markets to SaraEisen and carlquintanilla this morning🙄😳🙄🙄
carlquintanilla What's the message HONEY ITS ALL A LIE HouseFloor that's not me HONEY MariaBartiromo end the witch hunt and I won't testify under OATH ABOUT it DOJPH GRAND JURY INVESTIGATION into those ETHICS REFERRALS of my HouseGOP members SUBPOENAS SERVED ignored
carlquintanilla Reducing spending is the only way to keep our capt rating hight
carlquintanilla Not his fault? I guess he lacks the necessary faculties to do his job or even understand economics.
carlquintanilla Couldn’t be more divisive when parties need to come together on an important issue..and leave it to CNBC to give this loser air time!
carlquintanilla Classic Kevin. Use a lot of words, ask what others are doing, trash the other party.
He said our government is designed to find compromise but day by day they find ways to show us that's impossible
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