Member of the House Budget Committee Rep. Drew Ferguson, R-Ga., highlighted to Newsmax on Monday that Republicans in the House are the only ones who voted to raise the debt ceiling to avoid a default.
While speaking with "American Agenda," Ferguson said that he believes an agreement on debt ceiling negotiations will be reached, but so far, "I think that it's important to point out that Republicans in the House are the only group in [Washington] D.C. that have actually voted to raise the debt limit."
In April, the House passed a bill to raise the debt ceiling and, at the same time, reduce the budgetary deficit by $4.8 trillion over a ten-year period, according to the Congressional Budget Office. The legislation in question is referred to as the "Limit, Save, Grow Act of 2023."
Ferguson went on to say that the Senate and President Joe Biden need to act swiftly and "get off their schneid" and act.
On Sunday, while speaking at the G7 summit in Hiroshima, Japan, Biden said that "it's time" for House Republicans "to move from their extreme positions because much of what they've already proposed is simply, quite frankly, unacceptable."
"I'm not going to agree to a deal that protects, for example, a $30 billion tax break for the oil industry, which made $200 billion last year," the president added. "They don't need an incentive of another $30 billion while putting [the] healthcare of 21 million Americans at risk by going after Medicaid."
About NEWSMAX TV:
NEWSMAX is the fastest-growing cable news channel in America!
© 2024 Newsmax. All rights reserved.