McHenry Statement on CBO Debt Limit "X-Date" Projection

Press Release

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Congressional Budget Office (CBO) released its projection of the so-called "X-Date," or when the U.S. will exhaust extraordinary measures and become unable to meet its obligations.

"Republicans have been and will continue to be reasonable in calling for discussions about how to lift the debt ceiling responsibly," said Chairman McHenry. "No one is saying we won't raise the debt ceiling. But Congress must use this as an opportunity to take stock of the federal government's spending, which has been unsustainably high for far too long. As policymakers, we have a responsibility to get our fiscal house in order. Democrats must be willing to come to the table to sensibly rein in excessive spending and bring fiscal sanity back to Washington."

Source