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McCarthy Concessions Heighten Budget and Debt Limit Stakes
Congress faces sharper spending battles as McCarthy concessions push toward large cuts. If 2022 levels cap spending, proposed cuts exceed 130 billion and 8 percent, with defense facing a 10 percent hit. GOP chair hopefuls aim to draft a budget blueprint before 2024 appropriations, but party unity remains fragile.
MENTIONED IN THIS ARTICLE
Washington
Kevin McCarthy
House
First House
Kay Granger
Texas
Appropriations
McCarthy
Granger
Senate
Donald Trump
Russ Vought
Chip Roy
CNN
Roy
Congressional Budget Office
Daniel Crenshaw
Crenshaw
Navy
Russia
Ukraine
China
Pacific
Tony Gonzales
R-Texas
CBS
Veterans Health
Rosa DeLauro
Connecticut
United States
Pentagon
Mario Diaz-Balart
R-Fla
Treasury
U.S
Congress