Where Your Speech Is Free And Your Comment Is King - Post A Link

THE NEWS COMMENTER

VOTE  (0)  (0)

Trump's acting budget chief accuses Pelosi of holding debt ceiling increase 'hostage'


Added 06-13-19 09:58:01pm EST - “Acting director of the Office of Management and Budget Russ Vought? accused House Democrats? on Thursday of? holding "the debt limit hostage," after Speaker Nancy Pelosi (D-Calif.) said she wouldn't agree to raise the debt ceiling…” - Thehill.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Thehill.com: “Trump's acting budget chief accuses Pelosi of holding debt ceiling increase 'hostage'”. Below is an excerpt from the article.

Acting director of the Office of Management and Budget Russ Vought accused House Democrats on Thursday of holding "the debt limit hostage," after Speaker Nancy PelosiNancy PelosiOvernight Health Care: Pelosi to change drug-pricing plan after complaints | 2020 Democrats to attend Planned Parenthood abortion forum | House holds first major 'Medicare for All' hearing Overnight Health Care: Pelosi to change drug-pricing plan after complaints | 2020 Democrats to attend Planned Parenthood abortion forum | House holds first major 'Medicare for All' hearing Pelosi to change drug-pricing plan after progressive complaints MORE (D-Calif.) said she wouldn't agree to raise the debt ceiling before the White House agrees to raise spending caps. 

"With our nation already more than $22 trillion in debt, Congress should be working with us to reduce wasteful spending and decrease deficits. The administration has consistently urged Congress to protect the full faith and credit of the United States by acting to increase the debt limit as soon as possible," Vought said in a statement.

Democrats’ threat to hold the debt limit hostage to trillions in new spending is reckless and irresponsible, risking America’s full faith and credit.https://t.co/KPGliQvx5o pic.twitter.com/bvLqWlki4I

Pelosi told reporters at the Capitol on Thursday that lifting the debt ceiling will come "second or simultaneous" to lifting the caps, but not before.

Congress will need to suspend or increase the federal debt limit  by fall in order to avoid defaulting on its own debt, which would impact global markets and hurt the Treasury Department's ability to raise money by selling government bonds.

Read more...



Post a comment.

CLICK TO SHARE

BACK TO THE HOME-PAGE