Biden's remarks come two days after McCarthy took his debt ceiling plan to Wall Street.
President Biden speaks before signing an executive order related to childcare and eldercare on April 18. Photo: Drew Angerer/Getty Images
is set to deliver remarks Wednesday slamming House Republicans' economic vision as the "same old trickle-down dressed up in MAGA clothing."this summer, but the Biden administration has refused to negotiate with House Republicans as long as they tie the debt ceiling to their budget demands. McCarthy will attempt to pass his debt-ceiling bill through the House in the coming weeks to force Biden to negotiate, but divisions within the GOP conference are threatening to derail those plans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republican McCarthy to unveil plan to lift US debt ceiling by $1.5 trln -sourcesU.S. House Speaker Kevin McCarthy on Wednesday plans to unveil a plan to raise the nation's debt ceiling by $1.5 trillion, two sources said, as Republicans dig in on a standoff with Democrats over the government's borrowing limit.
Read more »
Republican McCarthy unveils plan to lift US debt ceiling, cut spendingRepublican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation's debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing.
Read more »
McCarthy Finally Unveils 'Republican Default Disaster' BillSummarizing the House GOP's Limit, Save, Grow Act, SSWorks said, 'The RepublicanDefaultDisaster plan: Crash the economy unless Democrats agree to MASSIVE CUTS to programs seniors, people with disabilities, and working families rely on to survive.'
Read more »
Biden slams McCarthy, tells him to 'take default off the table' in debt ceiling fight'MAGA Republicans in Congress are threatening to default on the national debt,' Biden said in his latest salvo against the House speaker's tactics.
Read more »
Budget politics heat up as Speaker Kevin McCarthy visits Wall StreetHouse Speaker Kevin McCarthy pledged to pass legislation to raise the debt ceiling — and listed his demands. Democrats stressed that despite the speech at the New York Stock Exchange, House Republicans still haven't proposed an actual budget plan.
Read more »
McCarthy lays out debt limit plan on Wall Street visitHouse Speaker Kevin McCarthy proposes to raise the debt ceiling making it clear it must come with spending cuts.
Read more »