Tags: pelosi | suppports | mcconnell | plan | hoyer | gop | cantor

Pelosi: Controversial McConnell Plan Has 'Merit'

Thursday, 14 Jul 2011 11:44 AM

House Minority Leader Nancy Pelosi is backing Senate Minority Leader Mitch McConnell’s debt plan, saying it has “merit.”

That may not be the endorsement that McConnell, though, is seeking. He is under growing fire from his own ranks, including House Republican leaders like Rep. Eric Cantor.

The plan would lift the debt ceiling in three increments unless Congress stops an increase with a two-thirds majority – allowing Republicans to vote against raising the debt ceiling without risking default, according to Politico.

What Leader McConnell has put on the table recognizes that we must pass … lift the debt ceiling, that we must do that,” Pelosi told reporters Wednesday. “So it has that merit in that it says, what are we talking about here? We have to pass this.”

House Minority Whip Steny Hoyer also called the McConnell plan a “punt” – though he said it would get the job done in extending the nation’s credit line.

“The McConnell deal doesn’t get it behind us,” Hoyer said on the Bill Press show. “We need to give a sense of certainty, a sense that the democratic government of the United States of America can work, and that we can make decisions – not punt one more time.”

© 2015 Newsmax. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved