(TheRedWire.com) – Florida Gov. Ron DeSantis (R), who launched his presidential campaign for 2024 last week, criticized the bipartisan debt ceiling deal that the White House and Speaker Kevin McCarthy reached over the weekend. In his commentary, the Republican candidate claimed that with this deal the U.S. is still “careening toward bankruptcy.”
During an interview on “Fox & Friends,” DeSantis argued that before this deal was reached the country was moving towards bankruptcy and that after the deal the country is still heading on that course.
As he stated, arguing in favor of 4 trillion dollars in increases over the next year and a half means that there will be a very large increase in spending. He added that since March 2020, with the pandemic spending, the country has been set on a trajectory of high spending, and that the deal struck is not going to help get the U.S. to a “better spot.”
Following months of negotiations and stalemates, President Biden and Speaker Kevin McCarthy (R-Calif.) reached a deal on Saturday that would agree to increase the debt ceiling for two years, while capping budget spending for that same time period.
The agreement reached has received criticism from both sides. In order for the debt ceiling to be increased under this deal it will need to pass through both the House and Senate. To do that it will most likely require bipartisan support. The estimated date of default according to the Treasury Department Secretary Janet Yellen is June 5.
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