After the House passed the bipartisan debt deal, DNC Chair Debbie Wasserman Schultz released the following statement:
House passage of the bipartisan agreement to raise the debt limit, avoid default and make a down payment on deficit reduction is an important victory for the American people. The agreement announced last night by President Obama removes uncertainty looming over our economy and ensures that we won’t default on our debt for the first time in our nation’s history.
The agreement contains a number of important elements that guarantee that we continue to honor our obligations to America’s seniors and the most vulnerable. It lays out a process to get our fiscal house in order without balancing the budget solely on the backs of the middle class.It protects vital investments in our future, and protects Social Security, Medicare and Medicaid. It also provides a path forward to find more deficit reductions—including raising revenue from the wealthiest Americans and corporate America.
I want to thank President Obama for his tireless leadership on this issue.Americans can sleep a little more soundly tonight knowing that we will not default, that we have a process in place for a balanced approach for long term deficit reduction and knowing Republicans can no longer hold hostage our economic security for their political gain.