DeLauro Statement on McCarthy’s Wall Street Speech

April 17, 2023
Press Release
Republican Proposal Would Risk the Nation’s Economic Security

House Appropriations Committee Ranking Member Rosa DeLauro (D-CT-03) today released the following statement on Speaker Kevin McCarthy’s speech at the New York Stock Exchange:

“Speaker McCarthy’s speech at the New York Stock Exchange risks the nation’s economic security. Raising the debt ceiling is an obligation we have as Members of Congress. Democrats and Republicans have acted in the public interest every time it was necessary. 

“The Speaker did not express concerns when the House voted three times to raise the debt limit under President Trump. The proposed caps mean a cut to critical spending of 22 percent. This means removing more than 100,000 teachers and service providers from classrooms and undermining our children’s education. If implemented, 200,000 children would lose access to Head Start, and 100,000 children would lose access to child care making it more difficult for parents to go to work. The cuts would make our communities less safe, pulling hundreds of cops off the street and forcing thousands of firefighters out of their jobs.

“This narrow, extreme partisan approach risks economic tumult, higher interest rates, and increased prices. I urge the Speaker to step back and pass a clean debt ceiling increase. Leave the annual appropriations process out of it.”

More information on how House Republican proposals harm millions of Americans can be found here.

118th Congress