Skip to content

DeMint to Oppose Bailout

Sen. Jim DeMint (R-S.C.) said he will oppose the financial bailout legislation lawmakers are drawing up.

“This plan will not only cause our nation to fall off the debt cliff, it could send the value of the dollar into a free-fall as investors around the world question our ability to repay our debts. It’s also very likely that this plan will extend the cycle of bailouts, encouraging other companies to behave in reckless ways that create the need for even more bailouts,” said DeMint, a fiscal hawk.

It is unclear how far DeMint will take his opposition. DeMint regularly takes advantage of the Senate’s time-consuming rules to delay action on bill. The administration is asking Congress to pass the bailout this week.

A DeMint aide said the Senator is weighing his options, which include offering an alternative bill.

Recent Stories

How the vote to boot Speaker McCarthy played out inside the chamber

McCarthy becomes first speaker in history ousted

Laphonza Butler sworn in to succeed Sen. Dianne Feinstein 

Carjackers who took Cuellar’s Toyota also got away with his sushi dinner

Supreme Court sounds skeptical that Congress overstepped spending power

McCarthy forces unable to halt vote on his ouster