Washington, D.C. – Today, Congressman Joe Donnelly released the following statement regarding H.R. 2693, the House version of Senate Majority Leader Reid’s plan for avoiding default and getting the United States’ fiscal house in order.

“I supported the legislation before the House today because it is a balanced approach to avoiding a default on our nation’s obligations,” said Donnelly.  “The legislation I supported today would require dollar-for-dollar spending cuts tied to increasing the debt limit.  In fact, this bill would cut more spending than Speaker Boehner’s proposal.  His plan would have all but ensured cuts to Social Security and Medicare and was not a serious attempt to find a bipartisan solution to this issue. 

The common-sense, bipartisan plan I supported today, however, would successfully prevent a default and cut trillions of dollars in spending, putting us on a path to long-term fiscal stability and deficit reduction.  While I am disappointed that this bill did not pass the House this afternoon, I continue to support a balanced approach and am dedicated to working with my colleagues on both sides of the aisle to reach a bipartisan agreement.”

H.R. 2693 failed to pass the House, 173 to 246. 

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