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

Future Retirement Success

Politics

McCarthy not optimistic about reaching debt limit deal on Tuesday

by May 24, 2023
May 24, 2023
McCarthy not optimistic about reaching debt limit deal on Tuesday

EXCLUSIVE – House Speaker Kevin McCarthy was not optimistic a deal would be reached regarding the debt limit as he headed out of the Capitol on Tuesday afternoon.

Fox News asked the speaker if he thought a deal would be reached on Tuesday.

‘I don’t think we’ll get one today,’ McCarthy said as he walked past the reporter.

It’s unclear where McCarthy was heading after he left the Capitol.

McCarthy met with President Biden on Monday, and although he hailed the discussions as ‘productive,’ he told his conference later that night that the White House was still ‘dug in’ on raising taxes and increasing spending.

Monday’s meeting was the third such meeting with the president to find common ground on moving forward with a debt ceiling agreement.

Now, with only nine days left until the U.S. government is expected to run out of cash to pay its current obligations, a deal has yet to be reached.

Democrats have insisted on raising the debt limit without preconditions. But Republicans are lining up behind the House-passed Limit, Save, Grow Act, which would increase the federal borrowing limit by $1.5 trillion while also slashing spending by roughly $150 billion from this year to the next.

Both sides have agreed that action is needed to reduce the deficit, but each has different ideas about how to do it – Republicans are looking to cut spending from today’s levels, while Democrats have called to increase tax revenue from the ultra-wealthy and large corporations.

Kelly Phares is an Capitol Hill Producer for Fox News in Washington, D.C. Follow her on Twitter: @kellyfphares

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
House votes to end Biden’s crackdown on gas-powered trucks; four Dems join GOP
next post
Comer requests meeting with FBI director after refusal to produce Biden doc allegedly showing illegal scheme

You may also like

Haiti, US Embassy entrance area plunge into darkness...

March 19, 2024

Schumer calls on Trump to pick new running...

July 28, 2024

Kash Patel vows to ‘do everything’ to help...

January 30, 2025

Cruz demands Anheuser-Busch ‘cooperate’ with investigation into Dylan...

August 17, 2023

House Democrat leaves congressional DOGE caucus, saying Musk...

February 7, 2025

Vance to address House Republicans at Trump hotel...

January 28, 2025

GOP anger at holdouts grows: Any vote against...

January 3, 2023

“Sometimes Life Creeps Up on You” – FTX...

November 17, 2022

Rep. Marjorie Taylor Greene’s Husband Files for Divorce,...

September 29, 2022

Marco Rubio refuses to visit South Africa for...

February 6, 2025

    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

    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025
    • Britain’s fastest-growing firms revealed for 2025: Dfyne, Nala’s Baby and Hawkstone lead the charge

      June 29, 2025
    • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

      June 28, 2025

    Categories

    • Business (8,332)
    • Investing (2,081)
    • Politics (15,853)
    • Stocks (3,177)
    • 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