Congressman Scott Garrett

Representing the 5th District of New Jersey

Garrett Sends Letter to Treasury Regarding the Potential Unwinding of Extraordinary Measures During the Debt Ceiling Waiver Period

Jan 31, 2013
Press Release

WASHINGTON, D.C. – Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises and senior Member of the House Budget Committee, issued the following statement today after sending a letter to Treasury to seek clarification on the potential unwinding of extraordinary measures during the debt ceiling waiver period should H.R. 325 become law:

“Given that the Obama Administration regularly circumvents the will of Congress, we hope this letter will clear up any confusion regarding the scope of allowable debt obligations under a temporary suspension of the debt ceiling.  I look forward to receiving Acting Secretary Wolin’s clarification on Treasury’s actions during the debt limit suspension period.”

The complete text of the letter to Acting Secretary Wolin is here.