McCarthy is slated to lay out the GOP's budget proposals amid an escalating standoff with President Joe Biden over the debt limit.McCarthy and Republicans are refusing to address the debt ceiling without extracting spending concessions from Democrats but have failed to propose specific cuts, which White House officials say is already threatening the"reliability and credibility" of U.S. credit months ahead of this summer's deadline.
Bates claimed McCarthy's speech"isn’t a plan, but it’s clear that extreme MAGA Republicans’ wish lists will impose devastating cuts on hardworking families, send manufacturing overseas, take healthcare and food assistance away from millions of people, and increase energy costs — all while adding trillions to the debt with tax cuts skewed to the super-wealthy and corporations."
Bates pointed to remarks Trump gave in 2019 about working with then-Senate Minority Leader Chuck Schumer and former House Speaker Nancy Pelosi to avoid a debt showdown.
We gave McCarthy a mandate. Stop the spending. Stop Biden.
Well Obama did it! Clinton did it!!
It’s so cute how Republicans are pretending to be fiscally conservative again.
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.
White House invokes Reagan, Trump to slam McCarthy’s debt-ceiling planThe White House on Monday cited examples of Democrats working with Republican Presidents Trump and Reagan to condemn House Speaker Kevin McCarthy’s Wall Street pitch for his plan to address the debt ceiling. Why won't Biden sit down to negotiate? Because he can't deal with complex issues? Who is really running the show behind the scenes? Trump is slamming McCarthy’s debt-ceiling plan because he is a Democrat at heart. Spend, spend, spend. The country is finally starting to reap the rewards from the tax cuts (delayed by COVID), just think where we would be if we would have cut spending at the same time.
Source: WashTimes - 🏆 235. / 63 Read more »
House Speaker Kevin McCarthy on Wall Street to deliver speech to New York Stock ExchangeHouse Speaker Kevin McCarthy will address the state of the economy and is expected to outline how Republicans plan to raise the debt ceiling for a year. McCarthy is destroying the Republican Party and America. Trying to kill the economy. Go home. TraitorTrash 🤮 The GOP shi&$$!! SHOW!!!
Source: ABC7NY - 🏆 592. / 51 Read more »
Republican U.S. House Speaker McCarthy to pitch spending cuts on Wall StRepublican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday. That mallet looks really limp. “We’re going to destroy the value of all your stocks & plunge the world economy into chaos because in our fantasy that means we “own the libs.” Sounds like a great plan, Kev. MORE 'alternative facts' by the GOP!
Source: Reuters - 🏆 2. / 97 Read more »