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April 18, 2023

House Speaker McCarthy Proposes Raising Debt Ceiling in Exchange for Sweeping Budget Cuts
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Republican House Speaker Kevin Mc Carthy has proposed increasing the
debt ceiling for one year in exchange for sweeping budget cuts that
would likely result in less federal money for housing, education,
healthcare and the environment. Mc Carthy also pushed for tougher work
requirements for recipients of SNAP, the Supplemental Nutrition
Assistance Program, and to expand domestic mining and fossil fuel
production. Mc Carthy outlined his plan in a speech at the New York
Stock Exchange on Wall Street.

Speaker Kevin Mc Carthy: "Before we borrow another dime, we owe it to
our children to save money everywhere. Our proposal will examine
wasteful Washington spending and executive overreach in all forms."

The White House slammed Speaker Mc Carthy's proposal, warning it would
impose devastating cuts on families and take healthcare and food
assistance away from millions of people.


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