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Democrats pan GOP’s ‘Pay China First legislation’ on debt prioritization

By Cami Mondeaux

Published March 9, 2023 4:01pm ET

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Democrats pan GOP’s ‘Pay China First legislation’ on debt prioritization — FILE - In this May 9, 2019 file photo, House Ways and Means Committee Chairman Richard Neal, D-Mass., at a hearing on Capitol Hill in Washington. | (J. Scott Applewhite/AP)

Democrats are hitting House Republicans over their proposal to prioritize making principal and interest payments on debts to avoid default, accusing the party of putting Chinese banks ahead of funding key U.S. government services in a standoff over the debt ceiling.

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Congress Debt Ceiling House of Representatives House Ways and Means Committee