Following Vote to Avert Government Shutdown, Rosen Calls for Immediate Action to Avoid Default Crisis

Rosen-backed Continuing Resolution to fund government also provides billions in emergency relief for communities reeling from wildfires, other recent natural disasters

WASHINGTON, D.C. – Today, following the Senate’s passage of a continuing resolution to keep the United States government funded through December 3, 2021, U.S. Senator Jacky Rosen (D-NV) released the following statement calling on Congress to take additional action to swiftly raise or suspend the national debt limit and protect the full faith and credit of the United States.

“Now that the Senate has taken this step to keep the government open through December and avert a shutdown, we need swift action and bipartisan cooperation to avoid the crisis we will face if Congress fails to allow the Treasury to fulfill our nation’s financial obligations on time,” said Senator Rosen. “Defaulting on the national debt because of political brinkmanship in Washington would be catastrophic and beyond irresponsible. Failure to pay our bills for spending that has already occurred would cost the United States millions of jobs, threaten Social Security benefits for seniors, and risk an economic meltdown. Instead of recklessly endangering our recovery, Congress needs to invest in growing our economy and creating good-paying jobs by finally passing the bipartisan Infrastructure Investment and Jobs Act and moving forward on the Build Back Better agenda.”

Background: In addition to funding the federal government through December 3rd, the Continuing Resolution that Rosen helped pass also:

  • Provides $28.6 billion in emergency relief for communities recently impacted by wildfires, drought, hurricanes, floods, and other natural disasters;
  • Allocates $6.3 billion to help resettle Afghan evacuees who have fled Afghanistan in the wake of the Taliban’s takeover of the country;
  • Extends through December 3rd authorization of the National Flood Insurance Program (NFIP) and Temporary Assistance for Needy Families (TANF), both of which were set to expire tonight; and
  • Extends emergency scheduling of fentanyl-related substances, helping to protect communities harmed by the opioid epidemic.