White House says McCarthy debt restrict plan will ‘devastate’ financial system
                    
                    
                      
                    
                    
                    
                      
                      
                        
                        
                        
                      
                      The White House on Thursday dismissed House Speaker Kevin McCarthy’s proposal to extend the debt restrict and lower authorities spending, accusing the California Republican of “holding the American economy hostage.”
                      
                      
                      
                      
                      
                    
                      
                      
                      “Speaker McCarthy sided with the extreme MAGA wing of his conference and released a bluepri...                
                
            









