WASHINGTON, D.C. — Over the weekend, President Biden and Speaker of the House Kevin McCarthy agreed to a deal to raise the debt ceiling by $4 trillion.
Patrice Onwuka, senior policy analyst at Independent Women’s Voice, issued the following statement:
“Americans expect Washington to put partisanship aside to handle the nation’s financial responsibilities while starting to address the ballooning national debt. The Republican majority led by Speaker Kevin McCarthy did their job in passing the Limit, Save, Grow Act, a common-sense debt-ceiling bill. After wasting months of critical time, President Biden finally came to the negotiating table to work out a deal to raise the debt ceiling and institute some fiscal constraints.
“This debt-ceiling compromise could have gone much further to implement deeper spending cuts. Nonetheless, it checks the box on important priorities: six years of spending caps, clawing back $30 billion in unspent Covid funds, cutting or repurposing over $21 billion of Internal Revenue Services funding, expanding work requirements to more able-bodied, childless Americans for food assistance, and implementing pay-for requirements for costly executive orders. There is much more work to do to reign in out-of-control federal spending and it starts with taking fiscal responsibility seriously.”