“They committed to the direct negotiations that I said repeatedly were the only way to avoid default. And they secured an outcome that confronts Washington Democrats’ reckless spending in a serious way.

“Republicans stood united. They forced President Biden to do his job. And they reached an agreement that preserves the full faith and credit of the United States and starts getting its financial house in order.

“Along the way, the Speaker and his team notched important progress toward freeing American infrastructure from endless bureaucratic review. They put a dent in Washington Democrats’ campaign to stand up a new army of IRS agents. And they slapped actual costs on the Administration’s regulatory overreach.

“But here’s the bottom line:

“The Senate will have an opportunity very soon to pass legislation that reduces federal government spending by $1.5 trillion dollars over the next decade.”