President Joe Biden plans to go on the offensive against Republicans, saying in effect that their policies would add $3 trillion to the national debt.
McCarthy, R-Calif., says they should agree on a path toward balancing the budget, posting on Twitter last Friday: “No more blank checks for runaway government spending.”a speech Tuesday in Washington to county government officials
“I believe we could be fiscally responsible without risking — threatening to send our country into chaos,” Biden said Tuesday of debt limit talks. The White House noted that the extension of the Trump-era tax overhaul would give a $175,000 tax cut to families with incomes over $4 million. The size of that tax cut is roughly double the median U.S. household income.
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