House Budget Chairman Jodey C. Arrington said Wednesday that Congress needs to lift the debt ceiling and impose fiscal controls “immediately” without waiting on a fiscal 2024 budget resolution.
One day after President Joe Biden called on Republicans to produce a budget before they leave town for the April recess, Arrington told reporters a debt limit deal was too important to wait on the time-consuming budget process.
“We need action on the debt limit immediately because of the state of the fiscal union,” the Texas Republican said after holding a hearing on that topic featuring a panel of prominent economists. “We have to get consensus on … what the fiscal controls are and move forward,” he said, citing the toll that inflation has taken on family budgets.
