[Congressional Record Volume 169, Number 82 (Tuesday, May 16, 2023)]
[House]
[Page H2359]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        HITTING THE DEBT CEILING

  (Mr. FULCHER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. FULCHER. Mr. Speaker, in approximately 2 weeks, our country will 
hit its debt ceiling.
  House Republicans understand that this would be disastrous for our 
already fragile economy. That is why we took decisive action to address 
this crisis responsibly and sensibly by passing the Limit, Save, Grow 
Act. This legislation would not only end the debt limit crisis, but it 
would also address the root cause of that crisis: Washington's 
irresponsible spending.
  Since President Biden took office, the 10-year trajectory on Federal 
spending has increased by a staggering $10 trillion.
  While House Republicans have been hard at work crafting solutions to 
the debt ceiling, this administration and House Democrats have wasted 
valuable time, putting our Nation's financial stability at risk.
  Two weeks ago, the White House press secretary flatly said the 
President is ``not going to negotiate on the debt ceiling.'' That is 
critical time that could have been spent on negotiations, not political 
stunts.
  To make matters worse, President Biden is now leaving for an 8-day 
trip to Asia as our country teeters on the brink of default.
  It is time for the other side to stop playing politics. We are out of 
time.

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