“The compromise we reached will provide our economy with the stability it desperately needs.” “As part of our agreement – and in order to assure Congress continues the work of setting this country on a path to fiscal sustainability – this legislation instructs leaders to name conferees to a budget conference committee. The members selected…
“No one denies that this nation has work to do to reduce its debt. But Republicans who say this country should default on its debt today are the same Republicans who ran up that debt a few short years ago.” “Americans want Congress to reopen the government, take the threat of default off the table…
“Four days remain until a few extremist Republicans too radical to compromise could force a default on the nation’s financial obligations.” “Defaulting on our debt would risk millions of American jobs… Without exception, the most respected economists and business minds of our time have said that if America defaults on its debt there will be…
“If we allow the United States of America to default on its debt for the first time in history, it will be a black mark on our reputation and a financial disaster that will spark a global recession.” “Yesterday, it was good to see my Republican colleagues come around to the idea of a clean…
“Business leaders are begging us to do the right thing, and do it quickly. In addition to America’s reputation in the world, the bedrock of the global economy is at stake.” “Republicans have already done enough harm to our economy with their reckless shutdown designed to undermine the law of the land, Obamacare. But the…
Washington, D.C. – Nevada Senator Harry Reid released the following statement today following a House vote to pass a clean debt ceiling extension: “I am pleased that Speaker Boehner and his House colleagues have decided to change course, and pass a bill that defuses yet another fight over the debt ceiling. “This bill surrenders the hostage Republicans…
Washington, D.C. – Senate Democratic Leaders sent a letter to President Obama today urging him to consider taking unilateral action to protect America’s economy in the face of continued intransigence and obstruction from Republicans. “In the event that Republicans make good on their threat by failing to act, or by moving unilaterally to pass a…
“I will continue to seek an agreement to hold an up-or-down vote on his proposal to avoid another debt ceiling debacle.” Washington, D.C. – Senate Majority Leader Harry Reid (D-NV) released the following statement today after Senator McConnell filibustered a bill to give the President the authority to raise the debt ceiling – a bill that…
WASHINGTON, DC—U.S. Senator Charles E. Schumer (D-NY) released the following statement Tuesday in response to House Speaker John Boehner warning that he plans to force another showdown on the debt ceiling this year, even as House Republicans are violating the spending levels spelled out under last summer’s bipartisan deficit reduction deal: “It is pretty galling…
Boehner: “We shouldn’t dread the debt limit. We should welcome it. It’s an action-forcing event in a town that has become infamous for inaction.” … but … “Higher taxes, however, are still off the table, a Boehner aide said.” Flashback: Last Time Boehner Forced A Standoff Over The Debt Limit