Approximately half of the Republican Senators have signed a letter sent to President Biden in which they have said that they would not agree to an increase in the nation’s debt limit unless spending cuts are also included in the bill. They argue that it is necessary for the nation’s $31 trillion debt deficit to be addressed as part of their efforts.
The letter was led by conservative Sens. Mike Lee (R-Utah) and Ted Budd (R-N.C.), who argue that the Republican conference’s policy demands that any increase in the debt ceiling must also include reforms in spending and spending cuts.
They further cited the Prevent Government Shutdowns Act, which would be triggered if Congress failed to pass spending legislation by the deadline. This would provide the necessary funding for the government. They also pointed to the Full Faith and Credit Act, which would prioritize federal payments if Congress failed to increase the debt ceiling or pass reforms.
As they wrote in the letter they have no plans of voting in favor of a debt-ceiling increase unless the budget is reformed so that it can deal with the “future fiscal realities.”