A candidate for the United States Senate says the latest fiscal crisis in Washington stems from the federal government’s spending problem.
Republican candidate for the US Senate, Shane Osborn, says the fight over the shutdown of the federal government and whether Congress should raise the debt ceiling stems from a lack of control, and a lack of leadership in Washington.
“It’s a very serious undertaking and to have us default on debt is very serious,” Osborn tells Nebraska Radio Network. “However, at some point, we have to stop. We just can’t keep raising it and raising it. So, hopefully, if they do have to raise this debt ceiling limit, which they probably will, they at least get some concessions to start getting this spending under control.”
Osborn insists Republicans are right to demand budget cuts in exchange for an agreement to raise the debt ceiling.
The impasse in Washington remains in place as the Senate and House disagree on how to move forward. Congress failed to approve a continuing resolution to fund the government past the start of the new fiscal year, October 1st, triggering a partial shutdown of the government. The United States Treasury Department has stated that it will run out of borrowing authority on Thursday, triggering worries that the United States might default for the first time in its history.
AUDIO: Brent Martin reports [:40]