McCarthy responds to Biden's jab, says he ll show him his budget

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McCarthy responds to Biden's jab, says he ll show him his budget

The House Speaker Kevin McCarthy, R-Calif., responded to the president s jab on Monday that he ll show his budget if McCarthy shows his.

For the president to say he doesn't want to negotiate something this large. When you think back to 2011, when he was Vice President, they even called the negotiations over the debt ceiling, the Biden negotiations, according to McCarthy on The Bottom Line Monday evening.

I mean, to think that the president believes there is no place in government that you can't cut and save the hardworking taxpayers? The speaker continued. There is so much waste out there, and we need to put ourselves back on a path that balances. The Treasury Department has taken extraordinary measures to make sure that the government can continue to pay bills, because of the fact that the U.S. has risen against the debt ceiling, which is currently around $31.4 trillion.

When approached by reporters ahead of their bipartisan meeting on Wednesday, President Biden had sent a message to the House Speaker: Show me your budget, and I ll show you mine. McCarthy argued that every family does it, every business, every state, every county, despite Biden's comments on his plans to discuss a balanced budget in person with the president. We need to sit down together, find common ground, find where we can eliminate waste, and let's put our country back on a path where we can balance and make our future brighter than before, said McCarthy. We're going to work very closely together, and I think you're going to find us more united than ever before. White House spokesperson Andrew Bates accuses Republicans of trying to cut vital lifelines for the middle class that Americans pay into throughout their lives, with a red line at cuts to Social Security and Medicare. The Republicans have advocated for slashing earned benefits using Washington code words like Strength, when their policies would privatize Medicare and Social Security, raise retirement age, or cut benefits, Bates said in a statement.

In December 2021, Congress voted to raise the debt ceiling. Treasury Secretary Janet Yellen predicted that the government would be able to pay bills by early June.