- February 1, 2023
- Posted by: Stratford Team
- Category: Economy
WASHINGTON — At a news conference this month to showcase how Republicans will handle their looming debt ceiling showdown with Democrats, Senator Ron Johnson of Wisconsin was asked to explain what specific spending cuts his party would support in exchange for lifting the borrowing cap.
“Exactly what those are, we’re not willing to lay out here today,” Mr. Johnson said, adding that plans would be determined in consultation with House Republicans.
The refrain has been familiar in recent weeks as Republicans have insisted that they want “structural” fiscal changes in exchange for voting to raise the borrowing cap, but they have so far declined to offer a cohesive plan outlining what programs they would cut. Internal divisions over how to reduce spending have been spilling into public view, underscoring the political challenge that Republicans face as they try to wield the specter of a default to extract concessions from President Biden and…