House Speaker Kevin McCarthy presented on Tuesday a set of broad goals that would need to be met in exchange for raising the debt limit.
to start official negotiations on raising the cap for how much the federal government can borrow to meet expenses.
“I am incredibly concerned that you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending,” the speaker wrote.said any deal that would raise the debt ceiling would have to meet at least four broad criteria:• Expanding work requirements for federal entitlement programs.• Enacting legislation to lower energy costs, address crime and enhance border security.
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