Press Releases

Today, Congressional Black Caucus Chairman Steven Horsford (NV-04) and members of the Congressional Black Caucus issued the following statement regarding the passage of the debt limit bill. 

“Speaker Kevin McCarthy and extreme MAGA Republicans made it perfectly clear that they were willing to abdicate their constitutional duty and default on our national debt, which would’ve cost millions of Americans their jobs, retirement savings, and health care coverage. Instead of working to do the right thing for the country and raise the debt ceiling, the Republicans took the debt negotiations and, by extension, the American people hostage in order to fulfill their right-wing wish list of slashing social safety net programs to the detriment of millions of Americans. This type of brinkmanship nearly led our country to a financial catastrophe and crashed the economy that has led to the lowest Black unemployment rate in our nation’s history.  

“The Congressional Black Caucus applauds President Biden and White House negotiators for their work in steering the negotiations towards avoiding a catastrophic default, protecting our economy, and expanding SNAP benefits to the most vulnerable Americans, including foster youth, veterans, and homeless Americans.” 

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