House Speaker Kevin McCarthy and other Republicans have demanded combining cuts to spending with raising the debt limit. Senate Majority Leader Chuck Schumer called the approach “dangerous” and “destabilizing” in his remarks.
Senate Majority Leader Chuck Schumer on Monday called on Republicans to unveil the spending cuts they’re demanding in exchange for raising the U.S. debt limit, saying the GOP must put ideas before voters.
House Speaker Kevin McCarthy and other Republicans have demanded combining cuts to spending with raising the debt limit. Now read: U.S. runs up against its debt limit, so Treasury starts using ‘extraordinary measures’: Here’s what that means.
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