GOP Signals Plan for a Debt Limit Showdown – By Yuval Rosenberg and Michael Rainey (The Fiscal Times) / Oct 18, 2022
Happy Tuesday!
With three weeks to go before Election Day, President Joe Biden pledged Tuesday that if Democrats keep control of the House and expand their margin in the Senate, the first bill he’d send to the next Congress would codify abortion rights struck down in August by the Supreme Court.
The president’s speech seemed to perplex some cable news outlets, which asked repeatedly whether Biden is prioritizing the right issue given polls showing that the economy is voters’ top concern. “He’s also talking about the economy,” White House Communications Director Kate Bedingfield told MSNBC. “You’re going to hear from him this week on gas prices. Being president is about managing a lot of things all at once, and you’re going to hear from him on all of these issues.”
Here’s what else we’re watching as we keep one eye on the Yankees and Guardians.
McCarthy’s Plan for a Debt Limit Showdown
Republican are prepared to play with fire if they win control of the House. Minority Leader Kevin McCarthy (R-CA) confirmed in a newly published interview with Punchbowl News that the GOP will look to use the federal debt limit as leverage to force Democratic concessions on spending. The cuts could potentially involve Social Security and Medicare.
CONTINUE > https://www.thefiscaltimes.com/newsletter/20221018-GOP-Signals-Plan-Debt-Limit-Showdown
