WASHINGTON — Speaker Kevin McCarthy on Monday proposed a one-year debt ceiling increase paired with a set of spending cuts and policy changes, backing down substantially from earlier demands but making clear that Republicans would not raise the borrowing limit to avert a catastrophic debt default #ifttt #nyt #u.s.

McCarthy Proposes One-Year Debt Ceiling Increase Tied to Spending Cuts WASHINGTON — Speaker Kevin McCarthy on Monday proposed a one-year debt ceiling increase paired with a set of spending cuts and policy changes, backing down substantially from earlier demands but making clear that Republicans would not raise the borrowing limit to avert a catastrophic debt default Tags: ifttt, nyt, u.s. via Pocket https://ift.tt/lVZksph April 18, 2023 at 08:32AM

McCarthy Proposes One-Year Debt Ceiling Increase Tied to Spending Cuts WASHINGTON — Speaker Kevin McCarthy on Monday proposed a one-year debt ceiling increase paired with a set of spending cuts and policy changes, backing down substantially from earlier demands but making clear that Republicans would not raise the borrowing limit to avert a catastrophic debt default Tags: mccarthy proposes one-yea via Pocket https://ift.tt/lVZksph April 18, 2023 at 09:15AM