Senate Democrats

Tag default

Reid Statement On Deficit Negotiations

Washington, D.C. – Nevada Senator Harry Reid released the following statement tonight on the need to prevent the United States from defaulting on our obligations: “Republicans have once again proven unable to overcome their ideological opposition to ending taxpayer-funded giveaways for millionaires, corporate jet owners and oil companies. I applaud President Obama for insisting that…


In Floor Speech, Schumer Tells House GOP: Norquist Has Given Permission To Let Millionaire Tax Breaks Expire In Debt Deal

In Major Development, Anti-Tax Crusader Says Letting Bush Tax Breaks Lapse Does Not Count As Tax Hike Schumer: This Is A Coded Message From Norquist To GOP Hardliners Who Are Opposing Any Deal That Includes Revenues That They Should Relent In Order To Avert Default WASHINGTON, DC—U.S. Senator Charles E. Schumer (D-NY) today called on…


Reid: It Is Time For Reasonable Republicans To Compromise For The Good Of The Country

Washington, D.C. – Nevada Senator Harry Reid made the following remarks today on the Senate floor about averting a default crisis. Below are his remarks as prepared for delivery: We have 12 days left before our nation does the unthinkable: forever undermines the full faith and credit of our great country. As members of Congress,…


There They Go Again: GOP Lawmakers, Ignoring Reagan, Still Downplay Consequences Of A Default

Nearly 25 Years After Gipper Warned Against Playing Politics With Debt Limit, House Conservatives Still Ignore Dire Warnings   REAGAN KNEW BETTER THAN TO RISK A DEFAULT … Reagan Called Extending the Debt Limit “Necessary and Unavoidable” “This is an action that we just take to prevent the Government from defaulting on its obligations, and…