"Perhaps a future Congress will introduce legislation that actually begins to cut back on the size and scope of government called the Fiscal Irresponsibility Act!"
Speaker of the House Kevin McCarthy (R-CA) announced an “agreement in principle” with Joe Biden on a deal to raise the federal debt ceiling Saturday night.
Hillary Clinton criticizes House Republicans for using the debt ceiling as a political weapon, warning that it undermines the U.S.'s global credibility and plays into the hands of adversaries like Vladimir Putin and Xi Jinping, and warns of the potential danger of playing games with the debt ceiling to the U.S. dollar's pre-eminent position in the global economy.