PanamaTimes

Friday, Apr 26, 2024

House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

McCarthy appeared on the CBS program "Face the Nation" ahead of a Wednesday meeting with President Biden where the two will discuss the debt limit.

House Speaker Kevin McCarthy on Sunday said that cuts to Medicare and Social Security were "off the table" ahead of upcoming talks with President Joe Biden over the debt ceiling.

During an appearance on the CBS program "Face the Nation," the California Republican said that while the GOP wanted spending cuts as part of a deal to raise the debt limit, they did not want to target those two specific programs.

"Let's take those off the table" he said. "If you read our Commitment to America, all we talk about is strengthening Medicare and Social Security. So — and I know the president says he doesn't want to look at it, but we've got to make sure we strengthen those."

When host Margaret Brennan asked McCarthy if "strengthen" meant that he wanted to raise the retirement age — which is generally between 66 and 67 — he disputed that notion.

"No, no, no. What I'm talking about — Social Security, Medicare, you keep that to the side," he reaffirmed.

McCarthy during the interview said that he wanted to come to an agreement with Democratic leaders on a budget, and said that GOP leaders would be looking at everything in assessing spending levels — including defense-related programs.

"I want to make sure we're protected in our defense spending, but I want to make sure it's effective and efficient," the speaker said. "I want to look at every single dollar we are spending, no matter where it is being spent. I want to eliminate waste wherever it is."

The White House has repeatedly said that it would not negotiate spending cuts as it relates to the debt ceiling, but McCarthy appeared optimistic regarding a breakthrough.

"Now, I know his staff tries to say something different, but I think the President is going to be willing to make an agreement together," he said.

The United States earlier this month hit its debt limit of roughly $31.4 trillion, but the Treasury Department is taking steps to fund the government's financial obligations through June.

Comments

Oh ya 1 year ago
Yes just maybe the US could cut sending billions to the most corrupt country in the world Ukraine. Fighting wars all over the world and clean up wasteful spending at home

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×