Vermont Business Magazine Late Thursday night, Senator Peter Welch (D-Vermont) released the statement below following passage of bipartisan legislation to raise the debt ceiling and avert a US default. The Senate vote avoided a filibuster by 3 votes (63-36). US Senator Bernie Sanders (I-Vermont) previously stated he would vote "no," while Representative Becca Balint (D-Vermont) had already voted "yes" in the House Wednesday, where it passed by a wide margin (314-117). The measure has now passed both chambers and has been sent to President Biden. He is expected to sign it and address the nation at 7 pm Friday night.
Welch: “America has always paid its bills—in full and on time—and we must continue to do so. Default would be catastrophic to Vermont families, communities, to our country, and America’s standing in the world.
“Tonight, after careful consideration, I voted to pass this bill to preserve America’s longstanding commitment to meeting its fiscal obligations.”
CNBC: Senate passes bill to raise debt ceiling, preventing first-ever U.S. default
Source: 6.1.2023.WASHINGTON – Senator Peter Welch
