The Hill News

We are pleased and relieved that there is finally an agreement to raise our debt limit. Allowing the nation to default or to force the Treasury to prioritize payments would have been disastrous for our economy and would have only exacerbated our debt and deficit problem by causing interest rates to spike and growth to slow. We applaud Congress and the President for bringing us back from the ledge. We are also thankful that Congress has finally begun the process of restoring fiscal sanity by paving a road on which we can achieve at least $2.1 trillion in deficit reduction.

However, we have not reached the promised land.

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