Washington, D.C. — Senator Ted Budd (R-NC) has joined a letter to Senate Majority Leader Chuck Schumer (D-NY) opposing, “any bill that raises the debt ceiling without substantive spending and budget reforms.”
The letter was signed by 43 Senators.
The Senate Republican conference is united behind the House Republican conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.
Our economy is in free fall due to unsustainable fiscal policies. This trajectory must be addressed with fiscal reforms. Moreover, recent Treasury projections have reinforced the urgency of addressing the debt ceiling. The House has taken a responsible first step in coming to the table with their proposals. It is imperative that the president now do the same.
As such, we will not be voting for cloture on any bill that raises the debt ceiling without substantive spending and budget reforms.