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Associated Press

WH analysis of GOP deficit plan: job losses, poorer kids

The White House says the math in House Speaker Kevin McCarthy’s plan to trim the federal deficit is “unforgiving” —- estimating a deep 22% cut to non-defense spending that would leave children poorer, veterans sicker, families hungrier and housing more expensive. “There is no escaping the pain to working families and our economic future,” White House budget director Shalanda Young concludes in a draft of an analysis obtained by The Associated Press on Thursday. President Joe Biden and GOP lawmakers are engaged in a tense showdown over federal finances, Republican House Speaker McCarthy insisting on spending cuts as a condition to raise the government’s legal borrowing authority while Democrat Biden wants to keep budget talks separate from the critical debt limit action.