{"id":1930231,"date":"2023-05-13T06:27:50","date_gmt":"2023-05-13T10:27:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-house-debt-ceiling-plan-cuts-that-may-survive-biden-negotiations\/"},"modified":"2023-05-13T06:31:48","modified_gmt":"2023-05-13T10:31:48","slug":"gop-house-debt-ceiling-plan-cuts-that-may-survive-biden-negotiations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-house-debt-ceiling-plan-cuts-that-may-survive-biden-negotiations\/","title":{"rendered":"GOP House plan for debt ceiling cuts that may pass in Biden talks."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgop-house-debt-ceiling-plan-cuts-that-may-survive-biden-negotiations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1930231&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Debt Ceiling Negotiations: What&#8217;s on the Chopping Block?<\/h2>\n<p>President Joe Biden and House Speaker Kevin McCarthy are currently in negotiations to increase the debt ceiling, but there are certain aspects of the House GOP&#8217;s bill that have been sticking points for Democratic leaders. While Biden has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-house-debt-ceiling-plan-cuts-that-may-survive-biden-negotiations\/\" title=\"GOP House plan for debt ceiling cuts that may pass in Biden talks.\">drawn red lines<\/a> as to what is off limits for cuts, there are still cuts that could survive in the negotiations.<\/p>\n<h3>Proposed Cuts in the GOP&#8217;s Limit, Save, Grow Act of 2023<\/h3>\n<p>Here is a look at the proposed cuts in the GOP&#8217;s Limit, Save, Grow Act of 2023 that are not currently on the chopping block:<\/p>\n<ul>\n<li>Cutting back unspent COVID-19 relief funds: One area where Biden and the GOP may come to an agreement is canceling expenditures of COVID-19 relief funds that have not been spent but were allocated. The White House appears likely to permit this rollback, which would save the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/better-than-expected-u-s-economy-added-638000-jobs-in-october-unemployment-dropped-to-6-9\/\" title=\"Better Than Expected: U.S. Economy Added 638,000 Jobs in October, Unemployment Dropped to 6.9%\">federal government<\/a> an estimated $30 billion over the next 10 years.<\/li>\n<li>Capping spending levels: The House GOP bill reduces federal spending levels to fiscal 2022 levels, which could provide savings of $3.2 trillion over the next 10 years. The measure provides the biggest cost savings in the Republican bill and could be maintained in a smaller form because it is not one of the key sticking points with Biden and the Democrats.<\/li>\n<li>Permitting reforms: Another item that has reportedly not been ruled out is permitting reforms. In the Limit, Save, Grow Act, energy permit and regulation reform created an estimated $3 billion in savings over 10 years. Biden has made clear that climate provisions from the Inflation Reduction Act are not negotiable but that permitting reforms regarding energy may be amendable.<\/li>\n<\/ul>\n<p>Items that are off the table, according to reports, include the Inflation Reduction Act and rolling back Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/browbeating-the-white-house-stacey-abrams-warnock-pushing-biden-on-student-loan-forgiveness-to-fire-up-base-report\/\" title=\"\u2018Browbeating The White House\u2019: Stacey Abrams, Warnock Pushing Biden On Student Loan Forgiveness To Fire Up Base: Report\">student loan forgiveness plan<\/a>. Modifications to SNAP and Medicaid are also off-limits.<\/p>\n<p>Negotiations on the debt ceiling appear to be moving forward despite a canceled meeting between Biden and the &#8220;Big Four&#8221; this week. Treasury Secretary Janet Yellen has warned that the U.S. will likely default on its debts by June 1 if the debt ceiling is not raised, making for a quick deadline for Congress and the White House.<\/p>\n<p>Rep. Abigail Spanberger has suggested that members of Congress should have their pay withheld until a resolution can be passed to raise the debt ceiling.<\/p>\n<p>Stay tuned for updates on the negotiations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden, House Speaker Kevin McCarthy (R-CA), and other congressional leaders are negotiating an increase to the debt ceiling, but certain aspects of the House GOP&#8217;s bill have been sticking points for Democratic leaders. Biden has reportedly drawn red lines as to what is off limits for cuts, but there are still cuts that<\/p>\n","protected":false},"author":1,"featured_media":1930232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[3620,10142,3862,5487,6203,3653,3936,4025,3745],"class_list":["post-1930231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden","tag-ceiling","tag-cuts","tag-debt","tag-gop","tag-house","tag-pass","tag-plan","tag-talks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1930231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1930231"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1930231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1930232"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1930231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1930231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1930231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}