White House Warns of ‘Severe’ Damage From Debt Default – By Yuval Rosenberg (The Fiscal Times) / May 4, 2023
Here’s a quick update on the debt limit standoff: Nothing much has changed.
Ahead of a White House meeting on May 9 between President Joe Biden, House Speaker Kevin McCarthy (R-CA) and the other congressional leaders, “Democrats and Republicans appear to be waiting for next week’s meeting to decide their next steps, and remain dug in on their respective positions,” The Washington Post reported this morning.
As the game of chicken continues, with each side trying to ramp up pressure on the other, the Post’s Jacob Bogage details five possible outcomes for the debt limit standoff. Here’s a brief overview:
CONTINUE > https://www.thefiscaltimes.com/2023/05/04/White-House-Warns-Severe-Damage-Debt-Default
