House Speaker Kevin McCarthy will on Monday deliver an address about the state of the economy at the New York Stock Exchange.
The speech will come ahead, perhaps on the same day, the California Republican announces his debt limit proposal to President Biden.
McCarthy has vowed that he won’t pass legislation to raise the country’s borrowing authority unless it is coupled with a clawback in federal spending.
He propose sometime this week a 1-year debt limit extension tied to spending concessions from Biden and the Democrats, sources told Just the News
Biden has demanded a so-called clean bill, which is not loaded with qualifiers, exceptions and other such demands.