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White House: GOP Plan over Debt Ceiling Is “Recipe for Economic Catastrophe”

HeadlineJan 18, 2023

The White House is blasting Republican lawmakers for pushing for major spending cuts as part of a deal to raise the debt limit. White House Press Secretary Karine Jean-Pierre spoke on Tuesday.

Press Secretary Karine Jean-Pierre: “This is not a plan; it is a recipe for economic catastrophe. As President Biden has made clear, Congress must deal with the debt limit, and must do so without conditions. But congressional Republicans are threatening to hold the nation’s full faith and credit, a mandate of the Constitution, hostage to their demands to cut Social Security, to cut Medicare and to cut Medicaid.”

The U.S. will technically hit the debt ceiling on Thursday, but Treasury Secretary Janet Yellen said extraordinary measures can be taken to keep paying the government’s bills until early June.

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