FOR IMMEDIATE RELEASE: Tuesday, August 2, 2011
CONTACT: Ian Koski at 202-224-4216

Statement from Senator Coons on vote to avert default

“Today I voted for the bipartisan compromise to prevent a first-ever default on our nation’s debt, not because it was the deal I sought or the deal our nation truly needed, but because the impact of the alternative would have been catastrophic for our country. Though it was extremely important to begin the work of reining-in the deficits that threaten America’s long-term security, it was critical that we restored the confidence of the markets and prevented the devastating impacts of default from reaching nearly every American home. By averting default today, it is my hope that Washington will return its focus to our nation’s economic recovery and getting Americans back to work.”