Coats Says Defeat of Reid Debt Bill Demonstrates Need to Do More

WASHINGTON, DC – Senator Dan Coats (R-Ind.) today issued the following statement after voting against Senate Majority Leader Harry Reid’s (D-Nev.) debt bill on Sunday:

“Majority Leader Harry Reid’s legislation falls far short of addressing the dangerous debt crisis that threatens our nation’s economy. The bipartisan opposition to this bill demonstrates the need for a much more comprehensive and substantive plan.

“The American people deserve better than this. If Washington is serious about averting both a default and a downgrade of our economy, Congress needs to adopt a bold plan that includes spending reductions beyond what is currently being proposed and a commitment to reform entitlement programs and the tax code.”

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