Home » World News » Kevin McCarthy calls out WH over Social Security, Medicare budget cut speculation: 'None of that is true'
Kevin McCarthy calls out WH over Social Security, Medicare budget cut speculation: 'None of that is true'
Kevin McCarthy : All I’m asking for is a responsible debt limit increase
Speaker Kevin McCarthy on his hopes for his meeting with President Biden and the debt ceiling fight ahead on ‘Kudlow.’
House Speaker Kevin McCarthy doubled down on his stance that Social Security and Medicare are off the budget cut table on "Kudlow" Tuesday afternoon.
"That's the bad part here that, first, the administration said they won't negotiate, and then they want to play politics," the Republican House leader said. "Why are they so afraid to sit down to find where you can eliminate waste?"
Responding to "little White House weenies" accusing McCarthy of considering spending cuts to Social Security and Medicare entitlements, the speaker maintained that "none of that is true."
McCarthy was elected House Speaker of the 118th Congress in the 15th vote earlier this month by a narrow margin after negotiating a deal with a group of Republican holdouts that made changes to the way legislation is handled, the way the House is procedurally run, put safeguards on excessive spending, as well as other changes.
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Now, both parties are engaging in talks to raise the U.S. debt ceiling after it hit its limit last week, forcing the Treasury Department to begin deploying a series of emergency moves so that the government can continue to pay its bills and endangering the already fragile U.S. economy.