Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

White House accuses House GOP of ‘empowering China’ for insisting on spending cuts before raising debt ceiling

by January 20, 2023
January 20, 2023
White House accuses House GOP of ‘empowering China’ for insisting on spending cuts before raising debt ceiling

EXCLUSIVE: The White House is accusing House Republicans of ‘selling out the middle class’ and ’empowering China’ by insisting on significant spending cuts before agreeing to raise the government’s borrowing limit.

The debt ceiling, which now sits at $31.381 trillion and was reached this week, is the legal limit on the total amount of debt that the federal government can borrow to fund everything from Social Security and Medicare benefits to military salaries to tax refunds and more.

Republicans say now that the ceiling has been reached, it’s a good time to talk about agreeing to a more fiscally responsible plan that stops the rapid expansion of the national debt. But the White House said that putting any conditions on a higher debt ceiling limit is courting disaster.

‘House Republicans should think very hard before they spend months telling the American people that they want to reverse the best unemployment rate in 50 years in order to slash Medicare and Social Security,’ White House deputy press secretary Andrew Bates told Fox News Digital. ‘Just like they should look in the mirror before they look constituents in the eye and say they want to reverse a record two years of job growth and small business applicants just to cut the earned benefits that every American has paid into over their entire working life.’

‘Between their threats to force a default catastrophe and their efforts to put inflation-worsening tax cuts for the rich on the country’s credit card, the House GOP’s agenda is a blueprint for selling out the American middle class and empowering China in the world economy,’ Bates said.

He added: ‘What elected leaders should be doing, regardless of party, is working with President Biden to strengthen the economic comeback his leadership is delivering.’

Congressional Republicans have said they will insist on deep spending cuts as a condition for raising the ceiling, and House Speaker Kevin McCarthy is urging the White House to begin negotiations. But the White House has said it will not bargain, and it has urged Congress to raise the debt ceiling ‘without condition.’

A spokesperson for House Speaker Kevin McCarthy, R-Calif., did not immediately respond to Fox News’ request for comment.

Brooke Singman is a Fox News Digital politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Texas bill would require Title 42 expulsions of migrants until COVID-19 mandates, emergency lifted
next post
Could the Biden document probe affect his potential reelection bid? America weighs in

You may also like

Hillary Clinton Posts Photo of Her Infamous Landing...

November 11, 2022

Iranian president makes no mention of Israeli strike...

April 20, 2024

Watch: President Trump On Speaker Phone Gives Blake...

October 27, 2022

Israel hits the ‘heart’ of Iran’s nuclear program...

June 13, 2025

MASS SHOOTER IDENTIFIED in St. Louis School Shooting...

October 25, 2022

Biden criticizes Netanyahu over Israel-Hamas war, says Israeli...

April 10, 2024

Obama reacts to Biden diagnosis: ‘Nobody has done...

May 19, 2025

DeSantis’ Office Responds to Lawsuit From Martha’s Vineyard...

September 21, 2022

Judge denies embattled government-funded agency’s restraining order request...

March 20, 2025

Democrats are Aboard the Big Data Titanic

October 28, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Greggs shares fall sharply as June heatwave hits sales and profits

      July 2, 2025
    • Fuel Ventures leads £525k investment in Eventwise to scale event budgeting platform

      July 2, 2025
    • Scottish Bakers unveil first ‘Future of Bakery’ report to drive innovation and growth

      July 2, 2025
    • Royal Mail unveils £1 million fund to support apprenticeships in small businesses

      July 2, 2025
    • Why More Homeowners Are Investing in Their Gardens and What Businesses Can Learn from It

      July 2, 2025
    • Trump’s ‘big, beautiful bill’ clears final hurdle before House-wide vote

      July 2, 2025

    Categories

    • Business (8,359)
    • Investing (2,093)
    • Politics (15,911)
    • Stocks (3,183)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved