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The Independent UK

National

Josh Boak

INSANE: As biden mccarthy butt heads on debt what are differences - The Real Truth

Joe Biden Kevin McCarthy United States Karine JeanPierre Kent Smetters Moody Analytics Republican Party Economy Medicare Tax Foundation

Copyright 2023 The Associated Press. All rights reserved.

They're not quibbling about minor points. There are stark differences in how President Joe Biden and House Speaker Kevin McCarthy want to shore up the government's finances.

The Democratic president primarily wants higher taxes on the wealthy to lower deficits; the GOP congressional leader favors sharp spending cuts.

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