{"id":570616,"date":"2023-04-17T18:13:36","date_gmt":"2023-04-17T15:13:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mccarthy-slams-biden-makes-case-for-gop-moving-on-debt-ceiling-in-the-coming-weeks\/"},"modified":"2023-04-17T18:13:36","modified_gmt":"2023-04-17T15:13:36","slug":"mccarthy-slams-biden-makes-case-for-gop-moving-on-debt-ceiling-in-the-coming-weeks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mccarthy-slams-biden-makes-case-for-gop-moving-on-debt-ceiling-in-the-coming-weeks\/","title":{"rendered":"#McCarthy slams Biden, makes case for GOP moving on debt ceiling \u2018in the coming weeks\u2019"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/mccarthykevin_030123ag02_w.jpg?w=900\" \/><\/p>\n<div>\n<p>Speaker Kevin McCarthy (R-Calif.) on Monday took his case for spending cuts to Wall Street, going after President Biden and detailing the House Republican Conference\u2019s plan to move forward with its own measure \u201cin the coming weeks\u201d to stave off a national default.<\/p>\n<p>\u201cIn the coming weeks, the House will vote on a bill to lift the debt ceiling into the next year,\u201d McCarthy said in remarks at the New York Stock Exchange on Monday, the same day Congress is set to return after a two-week recess.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>The Speaker said the forthcoming plan will seek to limit federal spending, with proposals to return discretionary funding levels to 2022 levels \u201cand then limit the growth of spending over the next 10 years to 1 percent of annual growth,\u201d without \u201ctouching <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security and Medicare.\u201d<\/p>\n<p>Negotiations between the White House and House Republicans over how to act on the debt limit, which caps how much money the Treasury can owe to cover the country\u2019s bills, remain at a standstill.<\/p>\n<p>Democrats have pushed for a clean bill to raise the debt ceiling, insisting negotiations over government spending be carried out separately from debt limit talks.\u00a0<\/p>\n<p>But Republicans see the debt ceiling as a leverage point to secure concessions from Democrats that could help curb spending. The party has vowed to increase fiscal discipline and carry out significant spending reforms upon reclaiming control of the House earlier this year.\u00a0<\/p>\n<p>McCarthy also used the address to dial up pressure on Biden for refusing to come to the table in talks to raise the debt limit.<\/p>\n<p>\u201cFor 75 days, the president has ignored the debt ceiling,\u201d McCarthy said. \u201cAs Speaker of the House, I have a responsibility to tell the nation that has got to stop.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>In his pitch to Wall Street to cut spending, McCarthy said he had \u201cfull confidence\u201d that reducing federal spending would help \u201cgrow our economy\u201d and \u201cend the dependence on China.\u201d<\/p>\n<p>\u201cWe will curb inflation and we will protect Social Security and Medicare for the next generation, and America will be stronger for it,\u201d he said. \u201cIf you agree, don\u2019t sit back, join us.\u201d<\/p>\n<p>The Treasury Department said in January that it began to implement what it called \u201cextraordinary measures\u201d to prevent a default, after the national debt came up on the roughly $31.4 trillion cap set by Congress more than a year ago.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>It\u2019s unclear when the nation will reach the so-called \u201cX-Date,\u201d or when the Treasury will exhaust those measures, but Congress is expected to have until sometime in the summer to raise the debt limit or risk a default.\u00a0<\/p>\n<p>Experts have warned a default could yield catastrophic effects for the economy, including raising the risks of recession and potentially a global financial crisis. And Democrats have pointed to those concerns to argue the need to raise the debt limit without conditions.\u00a0<\/p>\n<p>But in his comments on early Monday, McCarthy sought to put the onus on Biden for the potential threat of a default.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>\u201cMake no mistake, the longer President Biden waits to be sensible to find an agreement, the more likely it becomes that this administration will bumble into the first default in our nation\u2019s history,\u201d he said, as Congress braces for yet another partisan battle over the debt limit later this year.<\/p>\n<p>The debt limit was last raised by Congress in late 2021, but not without a months-long <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> of chicken that ensnared both sides of the Senate until not long before the deadline.\u00a0<\/p>\n<\/div>\n<p>Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/business\/budget\/3954654-mccarthy-looks-to-dial-up-pressure-on-biden-says-gop-will-move-on-debt-ceiling-in-the-coming-weeks\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaker Kevin McCarthy (R-Calif.) on Monday took his case for spending cuts to Wall Street, going after President Biden and detailing the House Republican Conference\u2019s plan to move forward with its own measure \u201cin the coming weeks\u201d to stave off a national default. \u201cIn the coming weeks, the House will vote on a bill to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":570617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/mccarthykevin_030123ag02_w.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,134417,134343,70363,116734,138150,134661,133498,991,35813,115],"class_list":["post-570616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-blog-briefing-room","tag-campaign","tag-civil-rights","tag-debt-ceiling","tag-debt-limit","tag-energy-environment","tag-in-the-know","tag-joe-biden","tag-kevin-mccarthy","tag-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/570616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=570616"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/570616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/570617"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=570616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=570616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=570616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}