McCarthy has said that Republicans want commitments to spending reductions in exchange for raising the debt limit but has been unclear about what exactly the GOP would be willing to cut.
Speaker Kevin McCarthy said ahead of a meeting with President Biden this week that cuts to Medicare and Social Security are off the table in talks around raising the debt limit.
“I want to make sure we’re protected in our defense spending, but I want to make sure it’s effective and efficient,” McCarthy said. “I want to look at every single dollar we are spending, no matter where it is being spent.” “You’re gonna tell me inside defense there’s no waste?” McCarthy asked on Sunday. “We shouldn’t just print more money. We should balance our budget.”
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