Skip to content
“Ronald Reagan said: ‘If you got seventy-five or eighty percent of what you were asking for, I say, you take it and fight for the rest later. Speaker McCarthy’s version: ‘If you can get five or six percent of what you were asking for, you take the deal and claim victory.”
— Rep. Ken Buck (R-CO), on Twitter, blasting the debt ceiling deal.
780,000
New analysis from Moody’s Analytics finds that Speaker Kevin McCarthy’s plan to cut spending and lift the debt ceiling “would meaningfully increase the likelihood” of a recession and result in 780,000 fewer jobs by the end of 2024 compared with a clean bill to lift the debt limit.