Source: United States Senator for Kentucky Mitch McConnell
LOUISVILLE, KY. – U.S. Senate Republican Leader Mitch McConnell (R-KY) issued the following statement:
“The United States of America will not default on its debt. Today’s agreement makes urgent progress toward preserving our nation’s full faith and credit and a much-needed step toward getting its financial house in order. I am especially grateful to Speaker McCarthy and House Republicans for their work to ensure that a debt limit increase comes with serious steps to rein in Washington Democrats’ addiction to reckless spending.
“The agreement the Speaker reached with President Biden sets meaningful limits on the Administration’s spending agenda. At the same time, it secures permitting reforms and reinforces the link between federal assistance and work.
“The Senate must act swiftly and pass this agreement without unnecessary delay.”