A press release from Congressman Randy Hultgren:

Hultgren: New Reports Show Senate Should Have Passed Cut, Cap And Balance

Washington, D.C. – U.S. Rep. Randy Hultgren (IL-14) today released the following statement regarding a recent report [from Reuters] stating that the United States’ credit rating will likely be downgraded by another ratings agency before the end of 2011.

“The news that the United States’ sovereign debt rating may be downgraded by another agency before the end of the year is a stark reminder of the Senate’s failure to pass the Cut, Cap and Balance Act in July,” said Hultgren. “I believed then – and still believe now – that the commonsense Cut, Cap and Balance Act was the only way to preserve our nation’s sterling credit rating.”

Congressman Randy Hultgren signs Certificates of Appreciation prior to the awards ceremony at Saturday's Nunda Township Republilcan Picnic.

The House passed H.R. 2560, the Cut, Cap and Balance Act, on July 19th by a bipartisan vote of 234-190. Congressman Hultgren was an original cosponsor of the bill.