On the recordMay 2, 2023
now, yesterday, Treasury Secretary Janet Yellen released a letter warning that the U.S. government will likely default on its obligations as soon as June 1, only 30 days away. Rather than listen to reason, Speaker McCarthy has caved to extremists. By passing the ``Default on America Act,'' he has handed the keys over to the House Freedom Caucus, many of whom are more than happy to let the United States default if they don't get every last cut and every last unrelated, hard-right policy that had been added to this bill chockablock. Every one of them they want. As one House Freedom Caucus Member said plainly, Speaker McCarthy ``cannot get to 218 with changes to this deal.'' Let me read that again so everyone hears it. This is where we are at. A House Freedom Caucus Member--each of whom, as we know, has great power in the House because they didn't change their rules--as one Freedom Caucus Member has said, plainly, Speaker McCarthy ``cannot get to 218 with changes to this deal.'' But, as is obvious to just about anyone who looks at this, the ``Default on America Act'' has no future in the Senate. Consequently, Speaker McCarthy has created a situation where he knowingly passed an extreme bill, has been boxed by his Republican colleagues into a corner, and now has little room to maneuver, lest he provoke the ire of the House Freedom Caucus.…





