'Damaging cuts' to Medicare and Social Security are looking more likely with McCarthy as House Speaker. Here's what it will mean for retirees.

Jan 11 2023 by Business Insider

 
House Freedom Caucus members such as the far-right Marjorie Taylor Greene strong-armed House Speaker Kevin McCarthy into conceding to much of their agenda. That agenda likely includes spending cuts to programs like Medicare and Social Security.

Kevin McCarthy (left) and Marjorie Taylor Greene

Rep. Kevin McCarthy won his election as House Speaker after conceding to conservative holdouts in his party. Those concessions likely include budget cuts, which threaten Medicare and Social...
Continue Reading 'Damaging cuts' to Medicare and Social Security are looking more likely with McCarthy as House Speaker. Here's what it will mean for retirees.