Debt Ceiling Legislation

Congress recently passed legislation lifting the debt ceiling in a move to avoid the first ever default by the U.S. Treasury Department. Sheridan Media’s Ron Richter recently spoke with U.S. Senator John Barrasson about the debt ceiling bill.

On June 1, the U.S. Senate voted to approve legislation that suspends the government’s $31.4 trillion debt ceiling through January 1, 2025, allowing the U.S. Treasury to continue to borrow money and pay its bills. The measure was approved by the U.S. House of Representatives a day prior to the Senate vote. U.S. Senator John Barrasso (R-WY) talks about why he voted against the debt ceiling bill.

Barrasso said he would have liked to have seen a spending limit in the bill.

We’ll hear more from my interview with Senator Barrasso in a future story.