While President Joe Biden and Republican leadership came to an agreement on the debt limit—some lawmakers say the fiscal policy is a bad deal and does not rein in spending.
The executive branch and Congress tried to strike a deal about the debt limit as the country marched closer to defaulting.
The Treasury has been warning that the government could run out of money sometime in the beginning of June and would likely default on some bills if Congress does not raise the debt ceiling.
Democrats have insisted on raising the debt limit without preconditions.
But, Republicans say President Joe Biden and the Democrats are playing Russian roulette with America’s economy after a two-year spending binge that brought 40-year high inflation and pushed the nation’s debt to over $31-trillion.
While President Biden and Republican leadership came to an agreement on the debt limit—many lawmakers say the fiscal policy is a bad deal and does not rein in spending.
New Jersey Congressman Jeff Van Drew, a Republican from New Jersey voted against the bill and joined us to discuss. #USpolitics #washingtondc #politics #debtlimit #debtdeal #veronicadudo #jeffvandrew #newjersey #congress
