Sunday, December 22, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

House conservatives lay out debt limit, spending cut demands

Washington, Mar 10 (Prensa Latina) House Freedom Caucus members want to cap nondefense discretionary spending at fiscal 2022 levels for the next decade, arguing Republicans should use the upcoming debt limit fight to force Democrats to agree to steep spending cuts they say would save trillion.

The conservatives aligned with former President Donald Trump and belonging to the hard-line wing of the Republican Party in the House, however, wants to maintain the huge military spending.

Meanwhile, they intend to implement some initiatives over a decade that would entail a cut of $131 billion compared to current figures.

In addition, the group called for an end to President Joe Biden’s student loan forgiveness program; rescinding unspent funds from the health emergency that generated the Covid-19 pandemic and the Inflation Reduction Act.

They also call for enacting a legislative bill that would expand congressional involvement in agency regulation; as well as loosening domestic energy production rules, among other demands.

The demands come as House Speaker Kevin McCarthy (Calif.) puts the arms on Biden for reaching an agreement on cuts as a requirement for raising the debt ceiling, an issue that promises heated debate and endless negotiations for the foreseeable future.

An article published on the FiveThirtyEight website as the House saw its longest race for president in 164 years in January warned that this small group of far-right Republicans decides on the floor.

The text asserted that whether they could wrest some of the power away from former House Speaker, the conservative legislation would have a better chance of being passed.

Republicans gained control of the House after the Nov. 8 midterm elections, and despite their slim majority, they could derail Biden’s agenda during his remaining time as president.

pll/oda/dfm

LATEST NEWS
RELATED