Republican U.S. Rep. Steve Pearce says policymakers must work together in a bipartisan manner to cut federal spending and boost the economy.
In a speech to a joint session of the Legislature, Pearce warned Thursday that a failure to deal with the nation's financial problems will transform the U.S. into a country like Argentina, which is struggling with rapidly rising inflation.
Pearce, a former state legislator from Hobbs, represents the 2nd Congressional District of southern New Mexico.
He said lowering the federal corporate income tax rate will help attract businesses and create jobs.
Pearce said Republicans and Democrats need to stop thinking of the other as the enemy and set aside their partisan differences to work "for the future that I think we all want."
Copyright 2013 The Associated Press.