House Minority Leader Kevin McCarthy speaks during a weekly Capitol Hill press conference on May 28, 2020 in Washington, DC.
Speaker of the House Kevin McCarthy.
  • Republicans want to reduce the deficit, and they've suggested a range of areas to cut spending.
  • An analysis from the Committee for a Responsible Budget found balancing the budget would require some massive cuts.
  • That is, if tax increases, defense spending, Social Security, and Medicare remain off the table.

Right now, all eyes are on what Congress wants to spend on — or decide to chip away at.