Congressman Jim Bridenstine Is Studying Alternatives to Raising Debt Ceiling
FOR IMMEDIATE RELEASE
The federal debt ceiling expired March 15th, but Treasury Secretary Lew announced he would use “extraordinary measures” to continue spending. The Congressional Budget Office estimated Treasury has the ability to continue spending through October or November.
Bridenstine said his office has been working on an analysis of alternatives to raising the federal debt ceiling. He brought in Dean Clancy, an expert in budget analysis who has worked in the White House in three Republican Administrations. He worked at the Office of Management and Budget in the George W. Bush Administration and has been on staff in both houses of Congress. He most recently worked as Vice President, Public Policy for FreedomWorks, a conservative think tank.
Bridenstine said, “Balancing the budget requires difficult choices and these choices deserve serious consideration. Our country requires us to make these choices to ensure our future prosperity. We are not on a sustainable trajectory right now.”
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