Real Fundamental Structural Spending Reform News Today : Breaking News, Live Updates & Top Stories | Vimarsana

what they told us well, the chances would certainly increase, wouldn t it, congressman, if this doesn t get done? what they told us for certain was if we raise the debt ceiling without real fundamental structural spending reform, serious reform, we still risk having our credit rating downgraded. so we have to make sure we do this right, whether it s august 2 pd, 3rd, we all want to get this done as soon as we can. but clearly what we heard yesterday was we have to do this right. congressman welch, what would doing it right be? these reports we heard about there would be some delay about closing some of these tax loopholes, that entitlements are on the line, potentially the mortgage tax credit could go away, are you comfortable with that? i m not. there s two things. first of all, we have to pay our bills and i actually do think if we default on august 2nd, it s a disaster. whether you re eric cantor wanting tax cuts or nancy pelosi wanting to spend more money on infrastructur

Chair doesn tDebt ceilingCongressman welchWouldn tReal fundamental structural spending reformCredit ratingAugust 2Tax loopholesMortgage tax creditTax cutsEric cantorNancy pelosiAugust 2nd150 billion50 billion