06.01.23

Senate Passes Bipartisan Fiscal Responsibility Act

WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) issued the following statement on the Senate’s passage of the Fiscal Responsibility Act:

“Four months after Speaker McCarthy invited President Biden to begin negotiating a resolution to the looming debt crisis, an important step toward fiscal sanity will finally become law.

“Thanks to House Republicans’ efforts, the Fiscal Responsibility Act avoids the catastrophic consequences of default and begins to curb Washington Democrats’ addiction to reckless spending that grows our nation’s debt.

“Tonight, the Senate passed legislation that will reduce federal spending by $1.5 trillion, begin to reform the infrastructure permitting process, finally rescind unspent COVID dollars, and cut spending at the IRS. But our work is far from over, particularly in delivering necessary support to America’s armed forces.

“In the coming months, Senate Republicans will continue working to provide for the common defense and control Washington Democrats’ reckless spending.”

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Related Issues: Debt And Deficits, House Democrats, Senate Democrats