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NewDEAL Supports Bipartisan Debt Limit Deal, Calls on Congress to Act Fast to Avoid Economic Turmoil

News Category: Statements and Press Releases

For Immediate Release:

May 30, 2023

Contact: Jonathon Dworkin (NewDEAL), 202-660-1340 x5, jonathon@newdealleaders.org

NewDEAL Supports Bipartisan Debt Limit Deal, Calls on Congress to Act Fast to Avoid Economic Turmoil

CEO praises President Biden’s leadership through this manufactured crisis.

Washington, D.C. – NewDEAL CEO Debbie Cox Bultan released the following statement in support of the bipartisan deal reached this past weekend to raise the debt limit:

“NewDEAL supports the bipartisan budget agreement and commends President Biden’s steadfast leadership in the face of a dire economic threat. This deal saves our country from default, while also protecting states, counties, and cities from draconian funding cuts proposed by extremist Republicans.

“In April, NewDEAL Leaders – including mayors, county officials, state legislators, and statewide officials – warned that a failure by Congress to raise the debt limit could have catastrophic consequences. These leaders have worked hand-in-hand with federal officials to rebuild communities in the wake of the COVID-19 pandemic, and either a default or irresponsible funding cuts would have wiped out progress that has been made.

“The American people have repeatedly made clear that they want leaders who prioritize progress over scoring political points. NewDEAL urges Congress to act swiftly to pass the bipartisan deal, take the threat of economic harm off the table, and turn to real, rather than manufactured, challenges facing our communities, from combating the climate change crisis to increasing access to broadband, addressing housing shortages, and ensuring the benefits of our economic growth are broadly shared.”

About NewDEAL

The NewDEAL is a network of about 200 state and local officials -- statewide officials, legislators, mayors, council members, and other local leaders across the country -- who are pro-growth progressives. The organization brings together leaders focused on expanding opportunity, helping them develop and spread innovative ideas to spur economic growth that is broadly-earned and sustainable. NewDEAL’s Honorary Co-Chairs are U.S. Senator Chris Coons and U.S. Representative Marilyn Strickland.