To watch Daines’ remarks, click HERE.
U.S. SENATE – U.S. Senator Steve Daines today delivered the following remarks at the weekly Republican Senate Leadership press conference praising Speaker McCarthy and House Republicans for passing a commonsense fix to address the debt ceiling crisis and slamming President Biden and Democrats for refusing to address their reckless spending.
“If Secretary Yellen is correct, we are three weeks away from facing a potential default on American credit. The default would throw financial markets not only in the United States into turmoil but the global markets as well. When banks at this time in our history are already concerned about stability, when banks are having to fight the sudden increase in interest rates and what that’s meaning right now in terms of ensuring they keep their balance sheets in good shape and liquidity.
“So where are we at this moment in history? I’m proud of Speaker McCarthy who didn’t take a look at this looming crisis and say we’re going to wait until we get up to the edge of the cliff and do nothing. He pulled Republicans together in the House and passed a responsible bill that lifts the debt ceiling in exchange for some spending restraints and reforms to the way the government spends money. Sixty-five percent of the American people in a Harvard Harris poll are on the side of that principle, you can’t raise the debt ceiling without having some sort of responsible spending and budget reforms put in place. The President and the Democrats are in the minority as relates to the public opinion in this country.
“He’s playing a very, very dangerous game and the fact that he literally shut Kevin McCarthy out for 90 days. Kind of hoping he may back Washington, D.C. into a crisis and perhaps get his way is irresponsible. It’s reckless. The adult in the room has been Speaker McCarthy and the House Republicans. It’s childish to not negotiate. It’s irresponsible not to negotiate, failure to do so, could push the United States and the global markets into a place we’ve never been before and hoped to never go.”