McCarthy often equates the U.S. national debt of $31.4 trillion to individual consumer debt. He argues that if you go"over your limit" on personal credit cards, then you, and by extension America, need to"spend less in the coming year than we spent this year."
Biden has countered this demand for steep cuts to domestic programs with a proposal to freeze this year's spending levels next year, but McCarthy has so far rejected that. Roy's list of demands contains four additional items. Each of them on its own represents a red line for the White House.
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.
No signs of progress from White House, Republicans in 'tough' debt ceiling talks By Reuters*NO SIGNS OF PROGRESS AS WHITE HOUSE, REPUBLICANS END MORE DEBT CEILING TALKS 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »
White House says McCarthy 'beholden' to far-right Republicans on debt limit, source saysThe Biden administration is painting House Speaker Kevin McCarthy as talking out of both sides of his mouth amid the debt ceiling standoff.
Source: ABC - 🏆 471. / 51 Read more »
White House, Republicans plan to convene on US debt ceiling as deadline looms By Reuters*WHITE HOUSE, REPUBLICANS PLAN TO CONVENE ON U.S. DEBT CEILING AS DEADLINE LOOMS 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »
White House, Republicans push ahead in US debt ceiling talks By Reuters*REPUBLICAN HOUSE SPEAKER MCCARTHY SAYS STILL FAR APART ON DEBT TALKS *MCCARTHY: HAVE TOLD BIDEN WE WON'T RAISE TAXES 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »
White House and Republicans still at odds over spending as debt ceiling talks continueAs the debt default deadline nears and negotiators remain at odds, CBS News' NikolenDC asks Speaker McCarthy what the 'off ramp' is. McCarthy says it's 'to solve the problem, to spend less than we spent last year. That's not that difficult.”
Source: CBSNews - 🏆 87. / 68 Read more »
House GOP auctions off McCarthy's used chapstick as debt talks intensifyThe fundraising auction of McCarthy’s used cherry lip balm ended when Rep. Marjorie Taylor Greene (R-Ga.) placed a winning $100,000 bid, as confirmed by her spokesperson. That cash is headed for the House GOP campaign arm.
Source: YahooNews - 🏆 380. / 59 Read more »