Kuar arkansas7/25/2023 ![]() ![]() “This is not something we’ve gone through before. Jeremy Horpedahl, associate professor of economics at the University of Central Arkansas, said the negotiations surrounding the debt ceiling are unprecedented. “Here, the Republicans are in charge and we are wanting to do the opposite.” That was agreed to by Secretary Steve Mnuchin for President Trump and that facilitated the Democrats for moving the debt ceiling,” he said. “In 2019, Speaker Pelosi wanted to have some more blowout in spending, over $300 billion if my memory is right. French Hill, Republican of Arkansas’ 2nd Congressional District, said it wasn’t unusual for political parties to use the debt ceiling to negotiate a budget. If they get a clean debt ceiling then there’s no leverage anymore,” he said. Womack said this approach is the only way to get the White House to cut spending. ![]() The Biden Administration has said it is irresponsible for Republicans to attach spending cuts to a debt ceiling raise. “Then doing things we think are smart policy matters that have had bipartisan support in the past like work requirements for able-bodied adults without dependents that are getting government benefits.” “We’re going to demand that in order not to be having to do this year-over-year that we start the process of trimming the size and scope of government,” he said. Womack said he supports his party leveraging the debt ceiling to pressure the Biden administration to cut spending. Steve Womack, Republican of Arkansas’ 3rd Congressional District, appeared on Arkansas Week and said the debt ceiling needs to be raised. Arkansas’ congressional delegation has been supportive of their party’s approach to the debt ceiling. With June approaching, lawmakers have started negotiations for a debt ceiling raise. ![]() Earlier this year, U.S Treasury Secretary Janet Yellen warned lawmakers the United States could default on its debt if the debt ceiling isn’t raised by early June. ![]()
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