Sen. Ron Johnson, R-Wis., told Newsmax on Thursday that while he’s willing to increase the debt ceiling in exchange for “dramatic” spending cuts, he’s not willing to scrap it altogether, calling it a necessary leverage point against runaway spending. 

Johnson joined “The Chris Salcedo Show” to discuss where debt ceiling limits fit in with congressional Republicans’ budget reconciliation package.

“[W]e’re going to have to deal with the debt ceiling limit. I want to make sure we maintain a limit in place. It’s really about one of the only leverage points to control federal spending,” Johnson said. “I’m happy to negotiate an increase into it when it’s tied to dramatic spending reductions.”

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