Hoyer: It’s Time for Republicans to Stop Holding Economy Hostage

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement as the United States reached the debt limit today:

“Now that the U.S. has reached the debt limit today, it is past time for Republicans to get serious and work with Democrats to ensure our nation pays its bills while laying out a path to reduce the deficit. The longer we wait to take responsible action, the more damaging it is to our economy. I agree with Speaker Boehner’s statement yesterday that an agreement doesn’t ‘have to wait until the eleventh hour.’ Businesses – and the global economy – need certainty that the U.S. will continue to pay its bills. By choosing to hold the economy hostage by risking a default on our nation’s debt, Republicans are endangering our economic recovery. I hope now that we’ve reached the debt limit, and the Treasury has been forced to employ extraordinary measures, Republicans stop putting the economy at risk and work with us to meet our obligations and set forward a serious, balanced approached to deficit reduction.”

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