We Need a Credible Deficit Reduction Plan
Statement
Issues: Government Budget and Spending
House Majority Leader Eric Cantor released the following statement regarding today's warning from Fitch Ratings Agency on the debt limit:
"Today, Fitch Ratings Agency warned that our nation's AAA credit rating is at risk if a raise of the debt ceiling does not also include a plan for "credible medium-term deficit reduction that would be consistent with sustaining the economic recovery and restoring confidence in the long-run sustainability of U.S. public finances.' Yet, President Obama said yesterday he would not even discuss necessary spending reforms with Congress, before our nation authorizes more debt.
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