On the recordMay 11, 2023
with June 1 only 21 days away, the most important thing congressional leaders can do to protect the well-being of Americans is to say, loud and clear, default is off the table. That is the assurance the President gave 2 days ago when he met with congressional leaders. It is the assurance Leader Jeffries and myself gave that day at the meeting, as well. Even Leader McConnell said the United States will not default on the national debt. Speaker McCarthy, however, continues on a path to drive the country toward disaster. Instead of taking default off the table, Speaker McCarthy is taking default hostage. Let me say that again because that sums up what is happening right now. Instead of taking default off the table, Speaker McCarthy is taking default hostage. The strategy of the hard right remains ``our way or the highway.'' Either Americans accept devastating cuts to veterans, law enforcement, and even cancer research, or the hard right will allow default--what a terrible choice. And that is what makes this default fight uniquely dangerous: The hard right is dominant in the House, and they seem to be ready--seem to be perfectly willing--to let the United States default. Speaker McCarthy realizes his hard-right agenda--as embodied in their ``Default on America Act''--cannot win support from the American people on the merits. So he and the hard right are holding the country hostage to default.…





