McConnell Lays Out Debt Ceiling Demands

by news on May 12, 2011

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McConnell Lays Out Debt Ceiling Demands Andrew Taylor/AP – McConnell said that there’s been lots of spadework done to bring spending cut options to the talks. While not supporting specifics, McConnell cited the work of Obama’s deficit commission, which recommended cuts to farm subsidies, curbing student loan subsidies, and auctioning radio spectrum as ways to cut the deficit. Obama has also proposed $354 billion by 2021 in savings from Medicaid and from cuts to Medicare providers.

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