Kevin McCarthy
Reports suggest that concessions Rep. Kevin McCarthy made to secure his Speaker seat involved promoting cuts to entitlement programs.
  • House Republicans have alluded to cuts they want to make to the federal budget for months. 
  • They're becoming more explicit about those cuts involving Medicare and Social Security funds. 
  • They've indicated that they're willing to leverage raising the debt ceiling to secure cuts. Not raising the ceiling could spell financial disaster. 

After being evasive about their plans for entitlement programs like Social Security and Medicare in the months leading up to midterms, the House GOP has begun to confirm its intention to cut spending on both.