Nancy Pelosi says debt ceiling needs to be lifted to 'pay off the credit ...

Nancy Pelosi says debt ceiling needs to be lifted to 'pay off the credit ...
Nancy Pelosi says debt ceiling needs to be lifted to 'pay off the Trump credit ...
Nancy Pelosi says the debt ceiling needs to be lifted to 'pay off the Trump credit card' after Treasury Secretary Yellen warned cash will run out in October The debt ceiling is at $28.5 trillion after ex-President Trump suspended it in 2019 That ended in July 2021, forcing the Treasury into 'extraordinary measures' to keep the government financed as Secretary Yellen begs for lawmakers to step in Yellen warned those emergency measures will likely run out in October 2021 Speaker Pelosi said at a news conference Wednesday that raising the debt ceiling through reconciliation is not something that will be considered  Republicans have refused to raise the spending limit on the grounds that they claim it's to pay for Democrats' progressive spending policies But Pelosi said it's to pay for Trump using the government like a 'credit card' The Trump administration amassed $7 trillion in government debt over 4 years 

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House Speaker Nancy Pelosi urged her colleagues in Congress to act on raising the debt ceiling on Wednesday, disputing the criticism that Democrats want to spend more money and instead blaming former President Trump for the debt the US government accrued over his four years in office.

During her weekly news conference Pelosi was asked about a letter sent to Congressional leaders from Treasury Secretary Janet Yellen this morning.

Yellen warned the US government will run out of money at some point in October unless Congress acts to increase the federal borrowing limit.

'People say, 'oh you just want to spend money',' Pelosi said in a dig at Republicans opposed to raising the debt ceiling.

'No, this is - we're paying the credit card, the Trump credit card, with what we would do to lift the debt ceiling.'

She pointed out that the Trump administration amassed $7 trillion in debt over four years.

Speaker Pelosi said the debt ceiling needs to be raised in order to pay off $7 trillion the Trump administration spent during his time in office

Speaker Pelosi said the debt ceiling needs to be raised in order to pay off $7 trillion the Trump administration spent during his time in office

She accused Trump of using the federal government as his own 'credit card'

She accused Trump of using the federal government as his own 'credit card'

'When President Trump was president, we Democrats supported lifting the debt ceiling because it's the responsible thing to

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