18
Apr
2023
Debt Ceiling Debate in Washington
Posted On April 18, 2023
By Eric Schmutz
And has 3 Comments
On Monday, House Speaker Kevin McCarthy visited Wall Street to debut the latest House Republican proposal to raise the debt ceiling. In his speech, McCarthy stated that in the coming weeks, the House would approve a one-year increase in the debt limit that will include a reduction in discretionary spending to 2022 levels, while limiting future increases to 1% annually over the next 10 years.
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