Costa Says Congress Must Act Swiftly to Put the U.S. on a Sustainable Fiscal Path

Press Release

Representative Jim Costa (CA-16) released the following statement after the U.S. House of Representatives passed H.R. 692, the Default Prevention Act.

"The legislation that was passed today is not a real solution to addressing the fast approaching deadline of the United States defaulting on its loans," said Rep. Costa. "Instead, today's vote risks the full faith and credit that Americans and other countries have in the United States government. The Default Prevention Act takes an approach of paying some of our debts and not others, and that is simply irresponsible. Congress must act swiftly and have a serious discussion about how we put our country on a sustainable fiscal path."

Costa continued saying, "This Congress must get back to governing responsibly because if we continue to act in crisis mode, it could severely impact economically challenged regions like the San Joaquin Valley. In addition to raising our debt limit, we must make long-term investments and pass a compromise, bipartisan budget to ensure economic growth in the Valley and throughout the nation."

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