Senator Ted Cruz' CNBC Debut

Shortly after being sworn in, Ted Cruz appeared on CNBC:



Highlights:

• "This administration has engaged in a troubling pattern of trying to rule by executive fiat."

• Legislative powers are entrusted to Congress, not the Executive Branch.

• "I think we have to be prepared...to shut the government down if we don't get some serious policies to stop the out of control spending."

• If there is no action [on the debt ceiling], the result will be that 40 percent of Federal Government spending will stop.

• Kudlow: The debt ceiling "can be a very important bargaining tool."