小红帽直播app

Four of Arizona鈥檚 nine members of the U.S. House of Representatives voted Wednesday to raise the debt ceiling and avoid a catastrophic default. 

The Fiscal Responsibility Act, which passed 314-117, now heads to the Senate.

The Arizona House members who to stave off default were Republicans Juan Ciscomani and David Schweikert, and Democrats Ruben Gallego and Greg Stanton.

鈥淲e cannot default on the sovereign debt of the United States, so today I reluctantly voted to increase the debt ceiling to avoid economic calamity that will only hurt the American public,鈥� Schweikert said in a statement. He called the bill 鈥渋mperfect,鈥� but that it 鈥渂egins the process of solving unsustainable spending problems.鈥�

Ciscomani also said he would not risk default.

鈥淚 supported today鈥檚 debt ceiling vote because I could not entertain the alternatives: a clean lift with no changes to Washington鈥檚 bad habits, or default on our debt,鈥� he said in a statement. 

On the Democratic side, Stanton said, 鈥淎 default would be devastating鈥攃osting millions of Americans their jobs, draining retirement accounts, driving up costs and undermining our national security.鈥� 

Gallego said the compromise was a byproduct of a divided government.

鈥淭his is the reality of a divided Congress,鈥� he said in a . 鈥淎nd this compromise protects Dems鈥� historic achievements and prevents extremists from holding AZ families hostage.鈥�

The president and CEO of the Arizona 小红帽直播app of Commerce & Industry, Danny Seiden, applauded the four members who voted to avoid default.

鈥淒efaulting would have been catastrophic for the state, national, and global economies,鈥� he said. 鈥淭he two Republicans and two Democrats from Arizona鈥檚 House delegation voted to do the right thing, the responsible thing. We would encourage Senators Sinema and Kelly to vote in favor of the bill and to send this bill to the president.鈥�

Once signed into law, the bill will suspend the debt limit until January 2025, thus avoiding another debt ceiling debate in the middle of an election. The bill reduces spending by about $55 billion next year and $81 billion in 2025, claws back nearly $30 billion in unspent Covid relief funds, and restarts federal student loan payments that were paused during the pandemic and maintained by the Biden administration. It also adds new work requirements for some food stamp recipients.

The Congressional Budget Office the bill will reduce the deficit by $1.5 trillion over the next decade.