I thank the gentlewoman from Virginia for her support of police and for her service representing the people of her State. Mr. Speaker, the United States is close to defaulting on its debt. That would be the first time in our Nation's history. The situation we face today was fully avoidable. The Biden administration's reckless spending and economic illiteracy over the past 2 years have propelled our debt crisis and driven inflation to a 40-year high. The American people have directly felt the impact of this administration's negligence toward an effective and practical economic policy. {time} 1130 It is well past time for our government to rein in reckless spending and work together toward returning to a balanced budget, a concept that both parties used to agree to strongly for decades. Through the years, policy negotiations were a key part of many debt ceiling agreements. Throughout our Nation's history, we have negotiated spending deals and reforms many times by using the debt ceiling vote as a constructive catalyst to action. Yet, for over 100 days, despite promises to the contrary, President Biden has refused to take this opportunity and willingly and effectively negotiate with House Speaker Kevin McCarthy.…
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