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Kevin McCarthy Says House GOP Plans to Vote on Debt Limit, Spending Cuts
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House Speaker Kevin McCarthy (R., Calif.) said House Republicans plan to pass legislation raising the debt ceiling and curbing federal spending in the coming weeks, moving to establish a solidified GOP position in the negotiations with President Biden over the nation’s borrowing limit.
In a speech Monday at the New York Stock Exchange, Mr. McCarthy laid out House Republicans’ demands for agreeing to a debt-limit increase: They want Congress to place limits on federal spending, claw back Covid-19 aid and require Americans to work to receive federal benefits. Those measures will be paired with a debt-limit increase that will last into next year, Mr. McCarthy said.
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