SE Valley Times

On May 25, Congressman Andy Biggs (R-AZ) introduced the Biden Time Act of 2023 to delay reaching the debt ceiling “X date” that Treasury Secretary Janet Yellen claims—without a shred of evidence—is June 1st. Congressman Biggs’ legislation would immediately rescind unspent COVID relief funding from the American Rescue Plan of 2021 as well as unspent IRS funding from the Inflation Reduction Act of 2022. These two recissions passed the House in the Limit, Save, Grow Act, and, as a stand-alone bill, would push back the projected default period by at least a few weeks.

“No deal that’s beneficial to the American people and the fiscal sanity of the nation is ever won when Republicans allow themselves to be put over a barrel,” said Congressman Biggs. “I have serious questions about the methodology supporting Secretary Yellen’s projected default doomsday date, and we should not allow her opaque maneuvering to terrorize Congress into cutting a deal that doesn’t serve our interests. My legislation would rescind current year planned spending and put more money back on the table to cover the debts we owe. This is a common-sense solution to provide breathing room for negotiating a package worthy of Republican support. Democrats should not be allowed to continue to threaten the fiscal health of America.”

Cosponsors of the legislation are: Rep. Matt Rosendale (R-MT), Rep. Ralph Norman (R-SC), Rep. Scott Perry (R-PA), Rep. Michael Cloud (R-TX), Rep. Andy Harris (R-MD), Rep. Andy Ogles (R-TN), Rep. Bob Good (R-VA), Rep. Josh Brecheen (R-OK), and Rep. Matt Gaetz (R-FL).  

The legislation may be read here.

Original source can be found here.