Boyle Statement on Treasury Announcing Projected 'X-Date' for Debt Ceiling Breach

WASHINGTON, DC — Today, Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee and leading advocate for debt ceiling reform, issued the following statement in response to the Treasury Department projecting the United States will reach the “X-date” — the point at which the Treasury exhausts extraordinary measures and breaches the debt ceiling — as soon as August:

“Under Presidents Obama and Biden, Republicans recklessly threatened a catastrophic debt default in order to attack programs that help the American people. Now, with Trump driving the economy into the ground, they’re racing to raise the debt ceiling to bankroll tax cuts for their biggest donors.

Their hypocrisy is staggering. As Ranking Member of the House Budget Committee, I’ll keep fighting to protect our economic future — and make sure Republicans can’t weaponize the debt ceiling whenever it’s politically convenient.”

A debt ceiling explainer from Budget Committee Democrats is available here.

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