If one thing has become clear over the past couple years, it's that the president's policies are making our economy worse. Businesses are afraid to grow and create jobs because they don't know what's coming next from Washington. Senate Republicans are committed to eliminating burdensome Washington regulations and reducing excessive taxes so that businesses have the freedom and certainty they need to flourish.
With our nation's debt topping $14 trillion and our government borrowing 40 cents of every dollar it spends, it's high time to call a halt to Washington's big-spending ways. Senate Republicans are pushing for a balanced budget amendment to put permanent constraints on Washington spending, so that Congress no longer has the option of racking up trillions of dollars worth of debt.

U.S. Senator Lamar Alexander today spoke on the floor of the United States Senate about the debt ceiling votes, saying "I hope that the spirit of today and of tomorrow and of Sunday is that we spend less time plotting about how we can defeat each other's proposals as quickly as possible and more time working together to come up with ways to reduce spending and honor our obligations."

Senate Republicans called on Democrats and the president to reject political gamesmanship and budgetary gimmicks and work with Republicans to develop a real solution to our debt -- a solution that addresses the government's spending problem and honors our nation's obligations without crippling our economy by raising taxes on already struggling families and businesses.