Biden criticized McCarthy's debt limit speech at the NYSE and made comments noting the differences between House GOP who want to cut federal programs and a president who wants to invest in them. Biden says GOP debt plan would harm 'millions' in U.S.:
American politician, 55th Speaker of the United States House of Representatives
Biden, striking back Tuesday, accused McCarthy of threatening to become the first speaker to default. McCarthy in New York Monday said the House would vote in the next couple weeks to lift the debt ceiling into 2024 and craft a plan to limit federal spending. He said the GOP plan wouldn't cut Social Security or Medicare. But Republicans do want to pass stricter work requirements for government aid programs such as the Supplemental Nutrition Assistance Program, which is often referred to as food stamps and serves as the country's largest food assistance program.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McCarthy pledges a vote on one-year debt limit hike – without clear GOP support“Do you have the support of your party for what you’re actually proposing?” SaraEisen asks House Speaker McCarthy.
Read more »
Speaker McCarthy lays out GOP debt limit plan in Wall Street visit | CNN BusinessSpeaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange.
Read more »
McCarthy faces internal GOP divisions on debt limit proposalSpeaker Kevin McCarthy is facing a difficult path toward uniting the House Republican Conference behind a proposal to raise the federal debt ceiling in exchange for slashing spending.
Read more »
McCarthy: As Biden hides, House will vote on one-year debt limit hikeHouse Speaker Kevin McCarthy (R-Calif.) vowed Monday that while President Biden “continues to hide, House Republicans will take action” on a plan meant to limit federal borrowing to one…
Read more »
Speaker McCarthy, House Republicans move to put Biden on defense in debt-limit fightSpeaker Kevin McCarthy is putting President Biden and Senate Democrats on the spot in the ongoing debt limit standoff by teeing up legislation that would curtail spending in exchange for raising the cap on how much the federal government can borrow to meet expenses.
Read more »
Speaker McCarthy, House Republicans move to put Biden on defense in debt limit standoffHouse Speaker Kevin McCarthy is putting President Biden and Senate Democrats on the spot in the ongoing debt limit standoff by teeing up legislation that would curtail spending in exchange for raising the cap on how much the federal government can borrow to meet expenses.
Read more »