(Washington, D.C) — North Dakota Senators are sharing their reasons for voting for increasing the debt ceiling.
North Dakota Senators John Hoeven and Kevin Cramer say voting in favor of the Fiscal Responsibility Act created the largest spending cut in history. The bill suspends the U.S. debt ceiling for two years. That allows the country to avoid defaulting on its loans and other financial responsibilities.
“While we would have preferred more savings, this legislation is far better than a debt ceiling increase with no spending reforms that the president first demanded, and is a step in the right direction as we continue working to rein in spending and control the debt and deficit, “said Senator Hoeven.
““Failure to raise the debt limit would force the United States’ first-ever default, rattle markets, and delay pay and benefits for our military, veterans, and seniors, “said Senator Cramer, “Default is not an option, but neither is a blank check. This strikes the right balance, and I commend Speaker McCarthy for the cuts and reforms he achieved. Now it is time for Congress to build on this momentum by getting back to regular order, funding our national defense, and governing responsibly.”
President Biden has promised to sign the bill into law once it gets to his desk.
