Schumer, Jeffries Joint Statement On The Urgent Need to Pass A Clean Debt Ceiling

Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) and House Democratic Leader Hakeem Jeffries (D-NY) released the following statement after Treasury Secretary Janet Yellen warned the United States could hit the debt ceiling as soon as June 1st: 

“We do not have the luxury of waiting until June 1 to come together, pass a clean bill to avoid a default and prevent catastrophic consequences for our economy and millions of American families. Republicans cannot allow right-wing extremism to hold our nation hostage. For generations, Congress has made spending and revenue decisions as part of the annual budget process, which is currently underway. That is the appropriate place to debate and discuss our nation’s fiscal picture – not in a hostage-situation in which extreme MAGA Republicans try to impose their radical agenda on America. It’s time to put aside partisan interests and do what is right and necessary for the American people to avoid a first-ever U.S. government default that crashes the stock market, raises costs on families and jeopardizes retirement savings.”