President Joe Biden is expected to sign a deal on the nation’s debt ceiling soon.
The Fiscal Responsibility Act, as it’s called, suspends the debt limit until New Year’s Day 2025 while capping discretionary spending through fiscal 2025. Funding for veterans’ healthcare programs will remain untouched, while unused COVID-19 pandemic funding will be rescinded among other highlights.
Votes from Kansas lawmakers were split. Fellow Senator Roger Marshall voted against it. In his words, “the legislation pours gasoline on the already burning inflation inferno and fails to adequately address our number-one long-term national security threat, our nation’s crippling debt.”
Senator Jerry Moran voted for the bill, saying the risks of not having a deal outweighed issues with the process.
In the House, Second District Rep. Jake LaTurner and Fourth District Congressman Ron Estes voted for the debt ceiling bill, with laTurney saying a default “would result in a global financial crisis — crippling 401ks and triggering disastrous implications for families across Kansas” and Estes saying the bill cuts spending while promoting economic development. First District Congressman Tracey Mann voted against it, crediting fellow Republicans for working to “rein in out-of-control spending.”
