Republicans are preparing to re-embrace their inner deficit hawk after greenlighting big spending bills under President Trump.
GOP senators say they expect to refocus on curbing the nation’s debt and reforming entitlement programs starting in 2021, as the Congressional Budget Office estimates that the debt has surpassed the size of the American economy.
“I think that’s kind of getting back to our DNA. …I think spending, entitlement reform, growth and the economy are all things that we’re going to have to be focused on next year and, yeah, I would expect you’ll hear a lot more about that,” said Sen. John Thune (R-S.D.), the No. 2 Senate Republican.
The shift could pose a significant headache for a new Biden administration that will need GOP support in the Senate to move its agenda. It is also likely to complicate efforts on a debt-ceiling deal.
Sen. Lindsey Graham (R-S.C.) is poised to become the chairman of the Budget Committee if Republicans keep the Senate. He said he wants to create a new commission to propose ways to reduce the deficit and address the country’s debt.
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