Washington, D.C. – After months of delay from President Joe Biden, negotiations are finally underway for a responsible debt limit increase.
Highlights of Speaker McCarthy’s reaction included below:
“It is possible to get a deal by the end of the week. It’s not that difficult to get to an agreement. I am willing to meet again this afternoon and every day until we get this done…
“House Republicans didn’t sit back and wait until Secretary Yellen told us when the deadline was. We passed it long before she ever said June 1 was coming because we didn’t want to put America in jeopardy like this…
“House Republicans’ Limit, Save, Grow Act raises the debt ceiling, caps future spending, grows spending by 1% each year, and delivers trillions in savings…
“We do this by bringing back money that we have already appropriated from the taxpayer that wasn’t spent in a pandemic. We put in work requirements that the President voted for, as a Senator, that in Wisconsin, just a couple months ago, passed by 82%. It lifts people out of poverty, puts them into jobs…