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Despite the political grandstanding of the past two weeks, congressional leaders have once again overlooked the ticking time bomb of the debt ceiling. As Treasury Secretary Steven Mnuchin warned this month, unless Congress raises the debt ceiling before the August recess, the United States will default on its debts at the beginning of September, prior to the start of the new session.
On behalf of FreedomWorks’ activist community, I urge you to contact your representative and senators and ask them to cosponsor the Maximizing America’s Prosperity Act, H.R. 3930 and S. 2245. Introduced by Rep. Kevin Brady (R-Texas) and Sen. Mike Braun (R-Ind.), the Maximizing America’s Prosperity Act would cap federal noninterest spending as a percentage of potential gross domestic product (GDP).