We Need a Credible Deficit Reduction Plan

Statement

By:  Eric Cantor
Date: Jan. 15, 2013
Location: Unknown

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.