Congressman Johnson address the debt crisis

WASHINGTON, D.C.(WNAX)- House republicans are attempting to connect budget cuts with the federal debt extension as they try to negotiate with the Biden Administration.

South Dakota Congressman Dusty Johnson says they plan to have a budget proposal up for a vote later this week.

Johnson says the President in the past has tied the debt to the budget.

Johnson says they don’t want to cause a financial panic.

The US Treasury has warned Congress that the debt ceiling, now at over thirty-one trillion dollars, must be extended by this summer to avoid a possible default.