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McCarthy using debt ceiling as bargaining chip for future spending cuts

McCarthy using debt ceiling as bargaining chip for future spending cuts

McCarthy using debt ceiling as bargaining chip for future spending cuts 150 150 admin

House Speaker Kevin McCarthy launched a new effort to pressure President Biden to accept future cuts in government spending as a condition for raising the debt ceiling, which is required to pay for bills Congress has already racked up. CBS News congressional correspondent Nikole Killion reports.
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