House conservatives are split over how to approach the upcoming debate over the nation's debt limit, with some resigned to raising it with little drama and others gearing up for a standoff over federal spending levels that could result in an unprecedented default.
David Schweikert, a member of the conservative House Freedom Caucus, says he doesn't want to risk a showdown that analysts warn could shake markets and faith in the creditworthiness of the United States. The Arizona Republican, who sits on the House Ways and Means Committee, said he believes a clean debt limit hike can "absolutely" pass Congress and that he could see himself voting for such a measure.
"There's an understanding of, structurally, where we're at, and not wanting to create the theatrical stress," Schweikert said last week in an interview.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
