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Kevin McCarthy Says House GOP Plans to Vote on Debt Limit, Spending Cuts
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House Speaker Kevin McCarthy (R., Calif.) said House Republicans plan to pass legislation raising the debt ceiling and curbing federal spending in the coming weeks, moving to establish a solidified GOP position in the negotiations with President Biden over the nation’s borrowing limit.
In a speech Monday at the New York Stock Exchange, Mr. McCarthy laid out House Republicans’ demands for agreeing to a debt-limit increase: They want Congress to place limits on federal spending, claw back Covid-19 aid and require Americans to work to receive federal benefits. Those measures will be paired with a debt-limit increase that will last into next year, Mr. McCarthy said.
Read more on wsj.comAbout this in other media
Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase wsj.com /1 year ago
Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase wsj.com /1 year ago
House Democrats Try to Force Vote on Debt Ceiling wsj.com /1 year ago
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