President Biden & Speaker Kevin McCarthy Finally Agree to Raise Debt Ceiling | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 3:12
About this sermon
Over the weekend, President Joe Biden and Speaker Kevin McCarthy agreed to raise the debt ceiling. Now the pressure is on for Congressional leaders to sell the deal to their members. Meanwhile, the clock is ticking to get it done by the June 5th deadline. Lawmakers returned to Washington DC after the Memorial Day break and faced a time crunch. In less than a week, the Fiscal Responsibility Act has to make its way through both the House and Senate, where majorities are slim. House Speaker McCarthy says he is confident it will pass. McCarthy says, "It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce rein in government overreach. There are no new taxes, no new government programs." House Republicans say the Fiscal Responsibility Act will raise the debt ceiling until early 2025, cut spending by about $2.1 trillion, increase Defense and VA funding, take back $28 billion in unspent COVID relief, redirect IRS funding and tighten work requirements for many on food stamps. However, the House Freedom Caucus says it falls short of the budget passed by House Republicans. Capitol Hill Correspondent, Erik Rosales reports. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf
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