WH: McCarthy's plan mustn't take US economy hostage - Breaking The News
Download our appPlay StoreApp Store

WH: McCarthy's plan mustn't take US economy hostage

EPA-EFE/MICHAEL REYNOLDS

White House Press Secretary Karine Jean-Pierre reiterated on Friday during a regular press briefing that United States House of Representatives Speaker Kevin McCarthy must present President Joe Biden with a "clean bill on the floor" with regard to tackling the debt ceiling issue.

The House Republicans must "avoid default" and "not take our economy hostage," Jean-Pierre stressed, adding that should they fail to do so this will have "dangerous consequences not just for the economy, [but] for the American people."

Previously, McCarthy unveiled GOP's economic plan, which will, according to him, save American taxpayers $4.5 trillion and "responsibly" raise the federal debt limit into 2024. The Biden administration has since been voicing out its concerns related to the plan.

Related News

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.