WASHINGTON, D.C. - Today, the House voted to pass H.R.3442, the Debt Management and Fiscal Responsibility Act, introduced by Ways and Means member Rep. Kenny Marchant (R-TX). Before its passage, Ways and Means Chairman Kevin Brady spoke in support of this commonsense bill.

WASHINGTON, DC — Today, House Ways and Means Chairman Paul Ryan (R-WI) issued the following statement after the House passed H.R. 692, the Default Prevention Act. “With this bill, we’ve taken default off the table. We know full well the consequences of missing a debt payment. That’s precisely why we’ve passed this bill: to make sure it ...

WASHINGTON, DC — Today, House Ways and Means Committee Chairman Paul Ryan (R-WI) delivered the following opening statement during a markup of H.R. 692, the Default Prevention Act, and H.R. 3442, the Debt Management and Fiscal Responsibility Act. "Any talk about the national debt sounds complicated, but the point is ...

If the United States government defaults on a debt payment, it would do serious harm to the U.S. economy—and, worst case scenario, could possibly put us back in a recession. That’s why on Thursday, the House Ways and Means Committee is marking up H.R. 692, the Default Prevention Act, a bill that will take away the threat ...