Why the White House thinks ‘this is a uniquely horrible time’ to have the debt ceiling fight

The next steps in Washington’s very busy week are currently up in the air.

Senate Republicans blocked an effort to raise the debt limit and also avert a government shutdown Monday night.

Now the Democrats are likely going to have to move on those issue one at a time with an Oct. 1 deadline to avert a shutdown and Oct. 15 or soon thereafter to address the debt ceiling.

“It’s never even conceivably thoughtful to think about defaulting,” Jared Bernstein, a member of President Biden’s Council…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *