McCarthy says that the student loan payment pause is ‘gone’ under the new deal
Posted BY: Bill | NwoReport
Senate Minority Leader Mitch McConnell (R-Ky.) called on the Senate to pass a debt deal that was brokered by the House speaker and White House, arguing that the United States cannot default.
“The United States of America will not default on its debt,” McConnell said Sunday after President Joe Biden and Speaker Kevin McCarthy (R-Calif.) announced the deal. “Today’s agreement makes urgent progress toward preserving our nation’s full faith and credit and a much-needed step toward getting its financial house in order. I am especially grateful to Speaker McCarthy and House Republicans for their work to ensure that a debt limit increase comes with serious steps to rein in Washington Democrats’ addiction to reckless spending.”
He added that “the agreement the Speaker reached with President Biden sets meaningful limits on the Administration’s spending agenda. At the same time, it secures permitting reforms and reinforces the link between federal assistance and work.”