Peace Garden News

WASHINGTON – Senator John Hoeven joined Senator Mike Lee (R-Utah) and 42 of his Senate colleagues in urging Senate Majority Leader Chuck Schumer (D-N.Y.) to oppose raising the debt ceiling without substantive spending and budget reforms.

“The Senate Republican conference is united behind the House Republican conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.

“Our economy is in free fall due to unsustainable fiscal policies. This trajectory must be addressed with fiscal reforms. Moreover, recent Treasury projections have reinforced the urgency of addressing the debt ceiling. The House has taken a responsible first step in coming to the table with their proposals. It is imperative that the president now do the same. 

“As such, we will not be voting for cloture on any bill that raises the debt ceiling without substantive spending and budget reforms,” the senators wrote.

Last week, Senator Hoeven delivered remarks on the Capitol steps outlining the importance of including reforms to reduce the debt and deficit as part of an agreement to raise the debt ceiling. The senator highlighted the House-passed bill that reduces spending while raising the debt ceiling, and called on the President to support spending reforms.  

Original source can be found here.