(TheConservativeTimes.org) – On Monday April 17 Speaker Kevin McCarthy, R-Calif., walked up to the podium at the New York Stock Exchange. Before McCarthy even made it to New York the White House dug in it’s heels and refused to budge on efforts to raise the debt-ceiling limit without any strings attached. But this isn’t sitting well with House Republicans.
“Let me be clear: a no-strings-attached debt limit increase cannot pass. But since the president continues to hide, House Republicans will take action,” McCarthy said
House Speaker McCarthy and president Biden’s only meeting about the debt-ceiling was early this year on Feb 1. McCarthy came out of the meeting with some confidence that there was a pathway to agreement that would satisfy both sides of the narrowly divided House.
A letter sent to President Biden at the end of March by Speaker McCarthy holding him to account about not holding up his end of the negotiations.
McCarthy wrote, ”Nearly two months ago, you and I sat down to discuss a path forward on the debt limit,” McCarthy continues, “Since that time, however, you and your team have been completely missing in action on any meaningful follow-up to this rapidly approaching deadline.”
McCarthy expressed his concern about the fragile U.S. economy and doesn’t want to participate in brinkmanship, but the ultimate ends he seeks in negotiating with President Biden could result in meaningful change to out-of-control government spending.
McCarthy is calling again, now from the floor of the New York Stock Exchange, to have a meeting with the president and discuss the variety of ways they can achieve trillions in savings and spur economic growth.
Some of McCarthy’s ideas may decrease non-defense government spending, or recover unspent covid funds.McCarthy seeks to enact policies that keep Americans safe by stopping the illegal flow of Fentanyl across the southern border or lowering energy costs, for example.
As the deadline approaches, could fears of a stock market crash and national debt insolvency cause Americans to bear the brunt of yet further economic recession?
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