.HouseGOP grapple with where to cut federal spending
The Treasury Department has warned that it may only be able to pay all of the government’s bills through early June after the United States hit its $31.4 trillion borrowing limit last Thursday. The deadline provides House Republicans with leverage in its nascent negotiations with Democrats, who control the Senate and the White House.
What is known is that House Speaker Kevin McCarthy agreed to roll back spending to fiscal 2022 levels next year as a concession to hard-liners in his party, tantamount to a $130 billion cut. He's also agreed to put forward a budget that balances in 10 years. “Republicans have to give up the sacred cow that says we will never touch a dollar from the military,” said Sen. Rand Paul , standing alongside a group of other GOP senators urging fiscal responsibility. “Everything would have to be looked at across the board. No one has a sacred area that would be a boon.”The group, known as the"Breakfast Club," threw out general ideas like a balanced budget amendment. Paul and Sen.
Conservative Republicans in the House, such as Reps. Chip Roy and Andy Harris , have denied that Republicans want to cut defense, while McCarthy has signaled some openness to defense cuts to roll back so-called woke priorities in the military.
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