House House Speaker Kevin McCarthy, R-Calif. McCarthy reacted to the president’s remarks on Monday by saying he’ll present his budget when McCarthy will show his.
“For President Obama to announce that”I don’t think he wants to negotiate for something this important… In the context of 2011 in which the vice president was in charge The administration even referred to the talks on the debt ceiling the Biden talks,” McCarthy said on ” The Bottom Line” Monday night.
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Watch as Margaret Brennan transforms into a petulant teenager when confronted with her and her outlet’s utter hypocrisy by the speaker of the House.???? pic.twitter.com/0ZpOjKaTAZ
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“I am referring to the idea that the president believes that there’s any government department that could not cut, and still have savings for hard-working taxpayers?” the speaker went on. “There’s so much waste there, and we have to return to the right track to balance.”
This month in earlier this month the U.S. bumped up against the debt ceiling, which currently stands at about $31.4 trillion. This has forced the Treasury Department to deploy “extraordinary measures” to make sure that the government is able to continue to pay its debts.
In the wake of being questioned by reporters prior to their bipartisan meeting on Wednesday the president Biden had issued a statement at his House leader: “Show me your budget and I’ll show you my.”
In response to Biden’s comments, McCarthy declared his desire for a discussion on balancing the budget in person with President Obama, insisting that “every family has to do it, every company, every state and all counties.”
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“We must sit down together, come to a common understanding and find ways to reduce the waste, and then let us put our country back in a place where we can find balance and make our future more bright than ever before,” McCarthy said. “We’re likely to be working closely and I’m sure we’ll be more united than we have ever been.”
Biden Administration has drawn a red line over reductions in Social Security and Medicare, with White House spokesperson Andrew Bates accusing Republicans of trying to eliminate “vital vital lifelines for the middle class Americans contribute to all their lifetimes.”
“For decades, Congress Republicans have been pushing for the reduction of benefits earned by with Washington code words such as’strengthen and strengthen,’ when their policy will privatize Medicare or Social Security, raise the retirement age, or decrease benefit payments,” Bates said in an announcement.
Congress has last voted to increase the debt limit in the month of December 2021. Treasury Secretary Janet Yellen projected that the government could pay its bills until the middle of June.
