McCarthy Says House GOP Plans to Vote on Debt Limit, Spending Cuts
The House speaker said that Republicans want to put limits on federal spending and require Americans to work to receive federal benefits.
House Speaker Kevin McCarthy, R., Calif., said House Republicans planned to pass legislation in the coming week to raise the debt ceiling as well as curb federal spending. This would establish a firmer GOP position when negotiating with President Biden about the borrowing limit for the country.
McCarthy, in a speech at the New York Stock Exchange on Monday, laid out House Republicans’ demands to agree to an increase in debt limits: they want Congress to limit federal spending, clawback Covid-19 assistance and force Americans to work for federal benefits. McCarthy stated that these measures would be coupled with an increase in the debt limit, which will continue into next year.