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U.S. House Speaker Kevin McCarthy said on Thursday that Republicans could act on their own to address the federal government's debt ceiling, after months of WASHINGTON (AP)House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic Hace 1 día Republicans who control the House of Representatives and the Senate are trying to advance a sweeping package of tax cuts and spending hikes that would also raise the debt Kevin McCarthy has begun working in earnest to persuade his fellow Republicans to support a $1.5 trillion increase in the nation's debt ceiling, amid early As the debt ceiling negotiations are ongoing, US House Speaker Kevin McCarthy has adamantly stated he won’t raise taxes. Moreover, McCarthy noted that the main

US House Speaker Refuses to Raise Taxes Amid Debt Ceiling Talks

The debt ceiling debate in Washington continues, with a firm stance taken by the US House Speaker. As the debt ceiling negotiations are ongoing, US House Speaker Kevin McCarthy has adamantly stated he won’t raise taxes. Moreover, McCarthy noted that the main priority is responsible fiscal management. This position sets the stage for potentially difficult negotiations with the White House.

McCarthy's Firm Stance on Taxes

U.S. House Speaker Kevin McCarthy said on Thursday that Republicans could act on their own to address the federal government's debt ceiling, after months of stalled negotiations. This declaration underscores the resolve within the Republican party to find solutions without resorting to tax increases.

Republican Budget Plan and Debt Ceiling

WASHINGTON (AP)—House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic priorities. However, the current focus remains on the debt ceiling and avoiding a potential default. The budget blueprint highlights the different approaches being considered to address the nation's financial obligations.

Tax Cuts, Spending Hikes, and the Debt Ceiling

Hace 1 día Republicans who control the House of Representatives and the Senate are trying to advance a sweeping package of tax cuts and spending hikes that would also raise the debt ceiling. The Speaker's refusal to consider tax increases adds another layer of complexity to these discussions.

Seeking Republican Support for a Debt Ceiling Increase

Kevin McCarthy has begun working in earnest to persuade his fellow Republicans to support a $1.5 trillion increase in the nation's debt ceiling, amid early opposition to tax increases. His challenge lies in finding a path forward that satisfies both fiscal conservatives and the need to prevent economic instability.

The debate over the debt ceiling and taxes is expected to continue in the coming weeks, with significant implications for the U.S. economy.

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