The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Jayapal says debt ceiling deal shows GOP doesn’t care about deficits: ‘No meaningful deficit reduction’

by
May 31, 2023
in Latest News
0
Jayapal says debt ceiling deal shows GOP doesn’t care about deficits: ‘No meaningful deficit reduction’
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Congressional Progressive Caucus Chair Pramila Jayapal, D-Wash., dismissed House Republicans’ victory lap on the new debt limit bill on Tuesday, telling reporters that there was ‘no meaningful debt reduction’ in the deal struck by President Biden and Speaker Kevin McCarthy, R-Calif.

‘First things first: you have all heard me say that Republicans never cared about reducing the deficit, and were just using the debt ceiling as a way to force through their priorities. This deal proves that point,’ Jayapal told reporters on a press call. ‘There is no meaningful debt reduction here. Some pieces will actually raise the deficit. The chief thing they claimed to care about, they are not getting in this bill.’

Her comments mirror those made by several conservative Republicans who said they won’t support the legislation because it doesn’t cut enough.

Rep. Dan Bishop, R-N.C., one of the first House Republicans to break away from the conference and oppose the bill, noted a report that said Jayapal praised the agreement as one that minimized GOP demands. She said the bill makes some improvements to the federal food stamp program, avoids a shutdown and gave the GOP no ‘major concessions.’

‘Fellow members of the Republican Conference: Jayapal. Think. You won’t ever be able to live this one down,’ he wrote on Twitter.

House leaders are working to survey members on both sides of the aisle to see if McCarthy has the 218 votes necessary for the bill to pass their chamber. Both Republican and Democratic leaders have acknowledged that they will need bipartisan support.

Jayapal signaled on the call that progressives still had deep reservations about the bill, despite the recognition that GOP goals were minimized.

‘You will all remember that last week we did a whip of the CPC, and the overwhelming majority of our members said that they would not be able to support a deal that includes bad permitting policies, work requirements on social safety net programs, and harmful spending cuts. All of those are in this deal,’ Jayapal said.

House Republican leaders and McCarthy allies have pointed out that the bill follows through on the GOP’s pledge to cut spending and tighten work requirements for federal benefits, as well as clawing back some IRS and COVID-19 funding.

Elizabeth Elkind is a politics reporter for Fox News Digital. 

This post appeared first on FOX NEWS
Previous Post

White House kills another top Biden nominee amid mounting opposition

Next Post

Democrat leader: ‘un-American’ ‘MAGA Republicans’ trying to ‘crash’ economy for 2024 political benefit

Next Post
Democrat leader: ‘un-American’ ‘MAGA Republicans’ trying to ‘crash’ economy for 2024 political benefit

Democrat leader: ‘un-American’ ‘MAGA Republicans’ trying to ‘crash’ economy for 2024 political benefit

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

    Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

    July 1, 2025
    Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

    Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

    July 1, 2025
    Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

    Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

    July 1, 2025
    Trump’s achievements embolden him to be even more aggressive

    Trump’s achievements embolden him to be even more aggressive

    July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved