Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners
Al-Nunu from Sharm el-Sheikh: Mediators are making great efforts to remove any obstacles in the way of implementing the ceasefire, and a sense of optimism now prevails among all parties

US debt-ceiling standoff: Biden blasts McCarthy's proposal

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Apr 2023 07:36
  • 1 Shares
3 Min Read

Biden says the Republican House Speaker was proposing "huge cuts to important programs" that "millions of Americans count on."

  • x
  • US House Speaker Kevin McCarthy (R-CA) speaks to reporters following his meeting with President Joe Biden about the looming debt ceiling issue at the White House in Washington, U.S. February 1, 2023. (REUTERS)
    US House Speaker Kevin McCarthy speaks to reporters following his meeting with President Joe Biden about the looming debt ceiling issue at the White House in Washington, US, February 1, 2023 (Reuters)

US President Joe Biden denounced House Speaker Kevin McCarthy's proposal regarding imposing caps on the government's spending, stressing that the Republican plan will reduce benefits for the working and middle classes while wreaking economic havoc. 

McCarthy, the top Republican in the US House of Representatives, officially released the plan's details earlier today and urged members of his party to act in concert as they go head-to-head with the President.

The United States hit its $31.4 trillion borrowing limit in January, forcing the Treasury to take "extraordinary measures" that allow it to continue financing the government's activities.

However, the US government runs the possibility of going into payment default as early as July if the debt ceiling is not raised or suspended by Congress before the present options run out.

Read next: US risks default by July unless debt limit is raised

In an effort to curb Democrats' allegedly "reckless" spending, House Republicans have vowed to increase the debt ceiling only if spending caps are put in place.

This #TaxDay, remember how @POTUS and House Democrats want to spend your hard-earned tax dollars:

87,000 new IRS agents to spy on your everyday transactions.

That’s why @HouseGOP voted to cancel that tyrannical initiative in the first week of our majority.

— Congressman Greg Murphy, M.D. (@RepGregMurphy) April 18, 2023

Related News

Depleted by foreign wars, US seeks to re-arm for another confrontation

Trump's Federal crackdown continue: National Guard arrives in Chicago

McCarthy is calling for a floor vote before the end of the month, posting on Twitter Tuesday that it was "time to stop the madness."

"Democrats' reckless spending caused inflation, a banking crisis, and so many other problems," McCarthy tweeted.

However, Biden claimed that the Republican leader was proposing "huge cuts to important programs" that "millions of Americans count on," and that his plan would return the nation to "the same old trickle-down economic theories of the past."

Democrats are adamantly opposed to the Republican plan, contending that it amounts to extortion to tie raising the debt ceiling to budget cuts.

McCarthy "threatened to become the first speaker to default on our national debt," Biden said.

On his account, Senate Democratic leader Chuck Schumer said that no one "should confuse this wish list as anything more than a recycling of the same bad ideas we've heard about for weeks."

The US President reiterated that he is willing to discuss spending reductions but that Congress must first pass a "clean" -- no-strings-attached -- debt ceiling increase before time runs out.

Early in February, McCarthy and Biden met to talk about potential outcomes, but they were unable to come to an agreement.

Read next: 'Show me his budget!': McCarthy, Biden agree to further talks on deb

  • United States
  • Republicans
  • US
  • Kevin McCarthy
  • Democrats
  • Joe Biden

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS