House Moves to Raise Debt Ceiling but Aims to Slash $4.5 Trillion in Spending, Targets IRS
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House Moves to Raise DebWASHINGTON,
House Moves to Raise DebWASHINGTON, D.C. – The House of Representatives passed a bill late Wednesday afternoon that would raise the nation's debt ceiling. It would also address excessive spending by the government. President Biden has already promised to veto the plan. But the move does set the stage for a showdown, pushing Senate Democrats and Biden to sit down and negotiate with Republicans.
It was a big moment for the GOP, and especially House Speaker Kevin McCarthy (R-CA), after the bill passed by the narrowest of margins, 217 to 215.
"We passed this early," McCarthy told reporters outside the Capitol. "We are in April, way ahead of the debt limit. We were the only party to take fiscal action in a sound mind that would lift the debt limit so we wouldn't have economic damage."
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It was a big moment for the GOP, and especially House Speaker Kevin McCarthy (R-CA), after the bill passed by the narrowest of margins, 217 to 215.
"We passed this early," McCarthy told reporters outside the Capitol. "We are in April, way ahead of the debt limit. We were the only party to take fiscal action in a sound mind that would lift the debt limit so we wouldn't have economic damage."
Read the full story from CBN's Jenna Browder:
https://www2.cbn.com/news/politics/ho...
Download the free CBN News App: http://cbnnews.com/app
SUBSCRIBE to the CBN News Channel for more:
http://youtube.com/c/CBNnewsonline/?s...
SUBSCRIBE to the QuickStart Newsletter by visiting quickstart.news
SUBSCRIBE to the Quickstart Podcast. New episodes every morning at 7am: cbn.com/cbnnews/quickstart
What's coming up next? Have a look at our program guide: https://www.youtube.com/redirect?q=ht...
CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN.
Share this live feed with your friends and family:
cbnnewsonline
Like us on Facebook: Facebook: cbnnews
Like us on Twitter: Twitter: CBNNews
Follow us on Instagram: Instagram: cbnnews
Contact News Editors: https://www.youtube.com/redirect?q=ht...
Questions about other CBN programs: https://www.youtube.com/redirect?q=ht...
Questions about supporting CBN?
http://www1.cbn.com/cbn-partners (and) https://www.youtube.com/redirect?q=ht...
Questions about Helping the Home Front? Call: 800-700-7000
https://www.youtube.com/redirect?q=ht...
#breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews
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