McCarthy to Biden on debt restrict: You are ‘on the clock’

Speaker Kevin McCarthy on Tuesday wrote to President Joe Biden asking him to set a date for his or her subsequent negotiating assembly on the debt restrict by the tip of the week.

The California Republican reiterated that his convention is ready on pairing any debt restrict enhance with insurance policies that might reduce spending, save taxpayers cash and spur financial progress, whereas providing 4 examples of the varieties of proposals he and Biden might focus on.

McCarthy’s examples, which he confused weren’t exhaustive, included slicing nondefense discretionary spending to “pre-inflationary” ranges and limiting out-year progress; rescinding unspent pandemic support; strengthening sure profit packages’ work necessities for able-bodied adults with out dependents; and different laws, reminiscent of an vitality coverage overhaul to spur extra home manufacturing and border safety measures that might cease the movement of fentanyl.

“Taken collectively, such insurance policies would assist the primary difficulty going through Individuals at this time: stubbornly excessive inflation introduced on by reckless authorities spending,” McCarthy wrote.

Republicans are eyeing extra stringent work necessities for the Supplemental Diet Help Program, previously referred to as meals stamps, in the course of the upcoming farm invoice reauthorization debate. Some have additionally mentioned work necessities for Medicaid, the joint federal-state well being care program for low-income households.

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