McCarthy To Give Speech At NYSE, In Prelude To Unveiling His Debt Limit Proposal To Biden

House Minority Leader Kevin McCarthy of Calif., speaks at a news conference on the steps of the Capitol in Washington, Thursday, July 29, 2021, to complain about Speaker of the House Nancy Pelosi, D-Calif., the leadership of President Joe Biden, and guidelines on face masks by the Centers for Disease Control. (AP Photo/Andrew Harnik)
  • House Speaker Kevin McCarthy will on Monday deliver an address about the state of the economy at the New York Stock Exchange.
  • The speech will come ahead, perhaps on the same day, the California Republican announces his debt limit proposal to President Biden.
  • McCarthy has vowed that he won’t pass legislation to raise the country’s borrowing authority unless it is coupled with a clawback in federal spending.
  • He propose sometime this week a 1-year debt limit extension tied to spending concessions from Biden and the Democrats, sources told Just the News
  • Biden has demanded a so-called clean bill, which is not loaded with qualifiers, exceptions and other such demands.