Speaker McCarthy lays out GOP debt limit plan in Wall Street visit | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

House Speaker Kevin McCarthy previewed what he hopes Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange.

“So here is our plan: In the coming weeks, the House will vote on the bill to lift the debt ceiling into the next year, save taxpayers trillions of dollars, make us less dependent on China, curb our inflation, all without touching social security and Medicare,” he told a crowd of traders and analysts on the sixth floor of the exchange. The plan outlined in the speech will serve as a marker of GOP demands amid an impasse between the two parties over how to resolve the issue.

“Markets are reacting to work we’ve done, so I shouldn’t be monitoring you,” he said, directly addressing traders. “I should monitor what we’re doing, and that’s exactly what I do.” The reason markets are currently going up, he said, “is because the president has ignored us for 75 days.” He did not clarify why that would drive stocks higher. Markets were trading slightly lower Monday. McCarthy ended his speech by invoking the drawn-out speakership battle. “I will never give up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More starve the poor working people, and cut taxes on the rich parasites who don’t work. Same old right wing playbook

I still don't have any numbers in front of me. Only CNN is hopeful.

Usa spy ufo’s on china flash

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines