OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Banks Statement on Possible Debt Ceiling Increase

Statement

By: Jim Banks
By: Jim Banks
Date: June 5, 2017
Location: Fort Wayne, IN
Issues: Government Budget and Spending

Congressman Jim Banks (IN-03) today issued the following statement regarding a potential increase in the federal debt ceiling, the legal limit on how much the Treasury Department is allowed to borrow to keep paying the country's bills:

"In the coming weeks, members of Congress will vote on whether to raise the debt ceiling and increase the federal government's ability to borrow money. With our country $20 trillion in debt, simply maintaining the status quo and allowing more debt to accumulate on the national credit card is unacceptable.

"Republicans control the House, the Senate and the White House, and we must work together to pair any debt ceiling increase with significant fiscal reforms. I stand ready to work with my colleagues and the Trump Administration to address our debt problems before our country is thrust into a fiscal crisis."


Source
arrow_upward