On the recordJune 1, 2023
last night, a large majority of both Democrats and Republicans in the House passed bipartisan legislation to protect the U.S. economy, protect American families, and eliminate the threat of a first-ever default. The bill is now in the Senate where we begin the process today of passing this legislation as soon as possible. The Senate will stay in session until we send a bill avoiding default to President Biden's desk. We will keep working until the job is done. Time is a luxury the Senate does not have if we want to prevent default. June 5 is less than 4 days away. At this point, any needless delay or last-minute holdups would be an unnecessary and even dangerous risk, and any change to this bill that forces us to send it back to the House would be entirely unacceptable. It would almost guarantee default. So, again, the Senate will stay in session until we send a bill avoiding default to the President's desk, and we will keep working until the job is done. The vast majority of Senators recognize that passing this bill is supremely important. It is about preserving the full faith and credit of the United States. There is no good reason--none--to bring this process down to the wire, no good reason to bring this process down to the wire, and that, too, is dangerous and risky. So, today, I hope we see a genuine desire to keep this process moving quickly. I hope we see nothing even approaching brinksmanship. The country cannot afford that right now.…





