The looming prospect of a default on the U.S. national debt poses a 'real threat that both sides have to take serious,' Republican Rep. Don Bacon told ABC's 'This Week'. 'The Republicans were largely elected to get control of reckless funding.'
Friday that the U.S. was set to reach its debt limit on Jan. 19, at which point the Treasury would begin to take "extraordinary measures" to avoid default.
"But on our side, we have to realize we control the House with a four-seat majority. The Senate is run by the Democrats with a one-seat majority. And the president is obviously from the Democrat party. So we can't get everything we want either," he added. "Both sides are going to have to be willing to work together. We have a large group on both sides of the aisle that's 'my way or the highway.' That does not work in our country and I encourage President Biden to reach out to the leadership on the Republican side," Bacon said.House Speaker Kevin McCarthy told Fox News Channel's “Sunday Morning Futures” that it was important to "look at how did we get here" and spoke of high discretionary spending by Democrats.
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