House Speaker Kevin McCarthy (R-CA) has declared that cuts to Medicare and Social Security are “off the table” as he and President Joe Biden negotiate a deal to raise the debt limit. McCarthy and Biden are set to meet on Wednesday to discuss the debt limit, and the outcome of the meeting could have a major impact on the future of the government budget. Biden has expressed skepticism that McCarthy will be able to avoid cuts to Medicare and Social Security, and the meeting will be a critical moment in the fight to raise the debt limit.
