Speaker Kevin McCarthy issued the following statement in response to Secretary of the Treasury Janet Yellen’s recent letter on the debt ceiling:
“House Republicans did their job and passed a responsible bill that raises the debt ceiling, avoids default, and tackles reckless spending.
“Meanwhile, President Biden has refused to do his job — threatening to bumble our nation into its first ever default — and the clock is ticking.
“After three months of the Biden administration’s inaction, the House acted, and there is a bill sitting in the Senate as we speak that would put the risk of default to rest. The Senate and the President need to get to work — and soon.”