Popular
At least four killed and many ‘kidnapped’ in...
Universities threatened with funding cuts under proposed plan...
A piece of the illegally felled Sycamore Gap...
EU’s von der Leyen survives parliament confidence vote...
Critics slam Mexico’s gentrification protests as xenophobic. Activists...
Breakout Watch: One Stock in Each Sector to...
Small Caps Are Rotating In — Here’s Why...
Want Faster, Lower Risk Trades? Use This Setup
The Seasonality Trend Driving XLK and XLI to...
Copper Soars to All-time High as Trump Unveils...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
Politics

McCarthy Releases His Proposal to Raise US Debt Ceiling by $1.5 Trillion (VIDEO)

by April 20, 2023
written by April 20, 2023

House Speaker Kevin McCarthy (R-CA) released his proposal to raise the US debt ceiling by $1.5 trillion.

“Now that we’ve introduced a clear plan for a responsible debt limit increase, [Biden and Democrats] have no more excuse, and refuse to negotiate,” McCarthy said on Wednesday.

“House Republicans have a plan. The Senate does not. And the President is ignoring the debt crisis,” he added.

VIDEO:

.@SpeakerMcCarthy: “Now that we’ve introduced a clear plan for a responsible debt limit increase, [Biden and Democrats] have no more excuse, and refuse to negotiate.”

“House Republicans have a plan. The Senate does not. And the President is ignoring the debt crisis.” pic.twitter.com/43ijGnoOdh

— GOP (@GOP) April 19, 2023

McCarthy’s plan will destroy most of Joe Biden’s agenda.

The Speaker’s plan will eliminate Biden’s unconstitutional student loan bailout plan and slash the funds set aside for the army of IRS agents.

If McCarthy’s proposal passes the House, it will be likely be dead on arrival in the senate.

CNBC reported:

House Speaker Kevin McCarthy, R-Calif., on Wednesday released his plan to raise the debt ceiling by $1.5 trillion for about a year while attempting to repeal major components of President Joe Biden’s agenda.

McCarthy said the bill, called the Limit, Save, Grow Act of 2023, would save American taxpayers more than $4.5 trillion by limiting discretionary spending, retrieving unspent pandemic-related funds, eliminating Biden’s student loan forgiveness plan and cutting funds earmarked for the Internal Revenue Service.

The cuts would be in exchange for a one-year debt ceiling increase. McCarthy called on Biden and Senate Majority Leader Chuck Schumer, D-N.Y., to “sit down, negotiate and address this crisis” but he did not mention whether the bill has enough support to pass. Biden has refused to negotiate over the debt limit. Extraordinary measures to avoid the first-ever U.S. sovereign debt default are on track to run out this summer.

The post McCarthy Releases His Proposal to Raise US Debt Ceiling by $1.5 Trillion (VIDEO) appeared first on The Gateway Pundit.

0 comment
0
FacebookTwitterPinterestEmail

previous post
UPDATE: Suspected Phone Charger Shoplifters Who Killed 26-Yr-Old Home Depot Employee, Are Arrested…Had Baby In Getaway Vehicle
next post
Seagate to pay $300 million penalty for shipping Huawei 7 million hard drives

Related Articles

Early voting in Wisconsin slowed by label printing...

October 24, 2024

American creating deepfakes targeting Harris works with Russian...

October 24, 2024

A GOP operative accused a monastery of voter...

October 24, 2024

Tucker Carlson says father Trump will give ‘spanking’...

October 24, 2024

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking...

October 24, 2024

Biden spurs controversy by saying ‘We’ve got to...

October 23, 2024

McDonald’s where Trump served fries hit with flurry...

October 23, 2024

In close race that could tip House, candidates...

October 23, 2024

As Democratic icons stump for Harris, GOP elders...

October 23, 2024

Past Trump advisers say he’s fascist. Trump says...

October 23, 2024

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

Recent Posts

  • At least four killed and many ‘kidnapped’ in second Houthi attack in a week on Red Sea cargo ship

    July 10, 2025
  • Universities threatened with funding cuts under proposed plan to tackle antisemitism in Australia

    July 10, 2025
  • A piece of the illegally felled Sycamore Gap tree is going on display – and you can hug it

    July 10, 2025
  • EU’s von der Leyen survives parliament confidence vote brought by far-right

    July 10, 2025
  • Critics slam Mexico’s gentrification protests as xenophobic. Activists say they’re fighting for their human rights

    July 10, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing