By Pageant Atterberry
House Minority Leader Nancy Pelosi (D-Calif.) told reporters that millions of jobs will be lost if the Republican lawmakers don’t pass a farm bill soon.
Earlier this year, over 60 House Republicans voted against the half-trillion-dollar bill, which sets funding for farm subsidies and other assistance, as well as food stamps. The GOP version of the bill leaves out food stamp funding, but a separate measure that they’ll vote on today would cut the program by roughly $40 billion.
“One in five kids struggle with hunger [and] this bill will jeopardize this,” Pelosi said.
Pelosi then shifted her focus to the country’s $16.7 trillion debt limit, which the Treasury Department says must be raised by the end of October. Republican lawmakers have asked the White House for spending cuts to offset a hike in the government’s borrowing ceiling.
“Republicans are determined to hold our full faith and credit hostage,” Pelosi said. “This will raise interest rates on mortgages, student loans, credit cards and effect citizens’ 401Ks overall.”
“Not lifting the debt limit is…a river of no return” she added.
Pelosi also blasted a Republican bill to extend government funding, noting that it continues sequestration, which has cut funding levels across all federal agencies since it took effect back in March.
“This is a job killer,” she said, arguing that sequestration could cost the country 1.6 million jobs.
Click the audio players below to listen to more of what Pelosi said today: