U.S. Sen Katie Britt, R-Alabama, and multiple Republican colleagues have reintroduced the Full Faith and Credit Act prioritizing funding for the military, veterans, and seniors should the federal debt ceiling be reached.
The U.S. has initiated “extraordinary measures” to keep the country out of default while the Biden administration and House Republicans must negotiate to find a way forward.
“Our ballooning national debt is an economic and security crisis. We can’t continue to recklessly pile this burden on the backs of our children and our children’s children,” Britt said. “The American people deserve accountability over wasteful spending, and we accomplish that by prioritizing taxpayer dollars in a responsive and responsible manner. It is crucial that we maintain the full faith and credit of the United States, meet our obligations to Social Security and Medicare beneficiaries, maintain a strong national defense, and support our incredible veterans and servicemembers. This legislation would do exactly that.”
The U.S. has never gone into default and has raised the debt ceiling about 80 times over the past 60 years.
But heightened friction between the House and the Biden administration has raised concerns that a deal might not be struck.
Senate Minority Leader Mitch McConnell told reporters in Kentucky though that a deal will ultimately be passed despite the contention.