2024 Republican Presidential Hopefuls Voice Disapproval of Debt Limit Deal Reached by House Republicans and President Biden

Congress is moving closer to passing a bill to raise the debt limit and avoid a U.S. default, and 2024 Republican presidential hopefuls are weighing in on the legislative deal reached between House Republicans and President Joe Biden. Former Vice President Mike Pence is set to enter the GOP presidential nomination fray June 7 with a campaign video and a kickoff speech in Des Moines, Iowa.

After months of standoffs, negotiators reached a deal Saturday ahead of June 5, the date by which the Treasury Department estimates the government will run out of money to pay its obligations. The agreement suspends the debt limit until early 2025 after the presidential election and locks in non-defense spending for 2024 at 2023 levels before allowing a slight increase in 2025.

Democratic and Republican leaders are touting the agreement as a victory, but the GOP presidential hopefuls are expressing their disapproval of the deal. Former President Donald Trump has called it a “horrible deal” and said it “will lead to the destruction of our country.” Florida Gov. Ron DeSantis has also criticized the deal, saying it “will only add to our already unsustainable debt.”

Other Republican hopefuls have also expressed their concerns about the deal. Former South Carolina Gov. Nikki Haley has said that “we cannot continue to add to our debt and expect our country to remain strong and prosperous.” Former Secretary of State Mike Pompeo has called the deal “a bad deal for America” and said it “will only lead to more debt and more spending.”

The agreement between House Republicans and President Biden is expected to pass Congress and avoid a catastrophic U.S. default. However, the 2024 Republican presidential hopefuls are voicing their disapproval of the deal, citing concerns about the country’s debt and spending.