« It is frankly an insult to the American people to support a piece of legislation that continues to put our country’s financial future at risk. »
A number of House GOP defectors remain as debt ceiling negotiations continue to put pressure on House Speaker Kevin McCarthy, many of whom did not support him when he was ultimately voted into his current position in January.
McCarthy and President Joe Biden reached a tentative agreement on Saturday evening as part of a 99-page proposal to raise the $31.5 trillion debt limit for two years while also cutting federal spending. The speaker on Tuesday touted the bill as the « largest spending cut » ever to be voted on by Congress, with a roll call expected Wednesday.
U.S. Treasury Secretary Janet Yellen previously warned congressional members of a looming default that could take hold on June 5, writing in a May 15 letter « that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States. »
House Republicans including Andy Biggs, Lauren Boebert, Eli Crane, Matt Gaetz, Bob Good and Matt Rosendale—all of whom voted « present » during the 15th and final vote that secured McCarthy’s speakership in January—continue to speak out against the tentative deal due to a lack of spending increases.
Boebert, who was on the air with Biggs when he expressed his suspicions, later told Newsmax’s Eric Bolling that the current deal reached is a victory for Democrats.
« This is a gift to the Democrats, this is a gift to the Biden administration, » Boebert said.
