Today, House Majority Leader Eric Cantor (R-VA) released the following statement on House passage of H.R. 807, The Full Faith and Credit Act sponsored by Representative Tom McClintock (R-CA):
"Today, the House took an important step to ensure our commitment to paying down our debt and getting our fiscal house in order. While this does not fix all our budget problems, the Full Faith and Credit Act removes the threat of default and requires the Treasury to make good on its debt payments. House Republicans remain committed to smart policies that will strengthen our entitlement programs, cut government waste and grow our economy. I want to thank Chairman Hensarling and Representatives Tom McClintock, Steve Scalise, Jim Jordan and Tom Price for their leadership on this effort, and I hope Senate Democrats and the President will join us in addressing our nation's spending problem."