Summary: House Speaker Kevin McCarthy has accused President Biden of being absent from the debt limit negotiations and urged him to find common ground.
McCarthy outlined several avenues that would reduce the national debt, including limiting out-year growth, reclaiming unspent COVID funds, and strengthening work requirements. McCarthy said he is prepared to sit down with the president to discuss the means to achieve savings and grow the economy.
Takeaways:
Republican leader Kevin McCarthy criticized President Biden for his absence in debt limit negotiations and urged him to find common ground.
McCarthy outlined several avenues that would reduce the national debt, including limiting out-year growth, reclaiming unspent COVID funds, and strengthening work requirements.
McCarthy is prepared to sit down with the president to discuss the means to achieve savings and grow the economy.
Commentary: It is concerning that President Biden has been absent from the debt limit negotiations, leaving House Republicans to urge him to find common ground.
With the national debt already at an alarming level, it is essential that both parties work together to reduce the deficit and prevent further economic damage.
McCarthy’s proposed avenues for reducing the national debt are promising and could lead to meaningful progress if both sides are willing to compromise.
Source https://www.foxnews.com/politics/mccarthy-biden-completely-missing-action-debt-limit-negotiations