President Joe Biden has not budged on his refusal to negotiate with House Republicans over the debt limit.
His speech opens the next phase of the fight over the debt ceiling.US House Speaker Kevin McCarthy arrives on Wall Street to deliver a speech on the econony at the New York Stock Exchange in New York on April 17, 2023. House Speaker Kevin McCarthy will make his case that failing to strike a deal and lift the debt ceiling could upend global markets from the most high-profile market of all: The New York Stock Exchange.
President Joe Biden has not budged in three months on his refusal to negotiate over the debt limit, and has so far dismissed Republican efforts to tie a debt ceiling vote to a simultaneous deal on budget negotiations. In a statement Monday morning in advance of McCarthy's speech, White House spokesman Andrew Bates accused the California Republican of "holding the full faith and credit of the United States hostage, threatening our economy and hardworking Americans' retirement."
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House Speaker Kevin McCarthy on Wall Street to deliver speech to New York Stock ExchangeHouse Speaker Kevin McCarthy will address the state of the economy and is expected to outline how Republicans plan to raise the debt ceiling for a year.
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Republican U.S. House Speaker McCarthy to pitch spending cuts on Wall StRepublican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday.
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House Speaker McCarthy rounds 100 days in office, faces tough road aheadRep. Kevin McCarthy is performing the role as speaker — second in line to the presidency — but the Republican leader allied with Donald Trump remains stubbornly limited in action because of his uneasy grip on the gavel. FOX13
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Speaker McCarthy: 100 days in power and a tough road aheadWhen Rep. Kevin McCarthy emerged from a messy 15-ballot election and ascended to House speaker, he was emboldened rather than chastened by the fight, declaring that his father taught him early on in life: 'It's not how you start; it's how you finish.'
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Speaker McCarthy: 100 days in power and a tough road aheadWhen Rep. Kevin McCarthy emerged from the messy 15-ballot election in January to become House speaker, he said he was emboldened by the fight. But as the embattled Republican leader from California rounds the first 100 days at the helm of a slim House Republican majority, there are challenges ahead. And it's proving hard to shake off the spectacle of the unsteady launch. So far, McCarthy has logged surprise successes in the new Congress, such as passing bills on crime and COVID-19 that President Joe Biden signed into law. On Monday, McCarthy will speak at the New York Stock Exchange. It's one more sign of his rising influence. But he has an uneasy grip on the speaker's gavel.
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Speaker McCarthy: 100 days in power and a tough road aheadWhen Rep. Kevin McCarthy emerged from a messy 15-ballot election and ascended to House speaker, he was emboldened rather than chastened by the fight, declaring that his father taught him early on in life: “It’s not how you start; it’s how you finish.”
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