Tonight’s votes are welcome steps forward in averting a default that would have been devastating for our economy and for working families. President Biden looks forward to signing this bill as soon as it passes the House and reaches his desk. His focus remains on the task before us of swiftly passing his economic agenda and making vital investments in jobs, competitiveness, and lower prices for the middle class.
These votes underscore that raising the debt limit is a shared responsibility to pay for debts incurred in the past by Presidents and Congresses of both parties – debt that has nothing to do with President Biden’s fully paid-for economic agenda. As we move forward, there must be no question of whether America will pay its bills; Congress must address the debt limit in December and beyond – just as we’ve done almost 80 times over the last 60 years. Eleven Republicans did their part tonight, ending the filibuster and allowing Democrats to do the work of raising the debt limit. As we approach the coming months, we hope that even more Republicans will join Democrats in responsibly addressing the debt limit instead of choosing default or obstruction.
We cannot allow partisan politics to hold our economy hostage, and we can’t allow the routine process of paying our bills to turn into a confidence-shaking political showdown every two years or every two months.