July 22, 2011

Washington, D.C. – Nevada Senator Harry Reid released the following statement tonight on the need to prevent the United States from defaulting on our obligations:

“Republicans have once again proven unable to overcome their ideological opposition to ending taxpayer-funded giveaways for millionaires, corporate jet owners and oil companies. I applaud President Obama for insisting that any deal to reduce our deficit be balanced between cuts and revenues. We must avert a default at all costs, so it is time to reengage in bipartisan talks on an agreement that at least accomplishes that goal.

“I agree with President Obama that a short-term extension is unacceptable.”