Congress is careening once more towards a brutal fight over raising the nation’s borrowing cap, with dire economic consequences in store should the United States default on its debts. Negotiations seem to be moving at a glacial pace even as the Treasury Department has resorted to “extraordinary measures” to ensure the bills are paid for the time being. Republican lawmakers insist they will not vote to raise the debt limit without significant spending cuts, while Democrats argue that the ceiling should be lifted in a “clean” bill, without any conditions.If the U.S. fails to pay its debts, the federal government will be unable to make critical payments for programs such as Medicare, Social Sec
Hence then, the article about debt ceiling politics threaten the power of the u s dollar was published today ( ) and is available onThe New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Debt Ceiling Politics Threaten the Power of the U.S. Dollar )