#POTUS #JoeBiden & Republican House #Speaker KevinMcCarthy began talks on Wednesday on raising US government borrowing limits, in a first test of how the two will work together & avoid a default that could shake the global #economy.
The Democratic president & #Republicans, who won control of the US #HouseOfRepresentatives…, are locked in a standoff over raising the federal government’s $31.4 trillion US #DebtCeiling.
#GOPsabotage #Congress
https://stocks.apple.com/ApPflvPObSomxYzFB_z5jGg
We really need to push back on this story about the possibility of default. It's fear mongering plain and simple.
The Treasury brings in enough revenue to service its debts, and it is legally obligated to do so. There is no legal chance of a default regardless of what happens with the debt ceiling.
Politicians trying to hold up default as a threat are misleading the public, and we need to call them out on that.
