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Top Democrats use default scare to push new debt-ceiling overhaul bill

Por: MarketWatch Politics June 10, 2023

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Backers of the new bill argue that using the full faith and credit of the U.S. as leverage is irresponsible and tantamount to taking the U.S. economy hostage, . Late last month, President Joe Biden and his political rival, House Speaker Kevin McCarthy, and made sure the rest of Congress was aligned to avoid a June 5 federal default, which would have been the first ever by the U.S. Biden eventually  that temporarily lifted the nation’s debt... + full article



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