Hitting the debt ceiling this week doesn't mean default is a few days away. The Treasury Dept. will begin a series of moves to prevent a crisis. But those temporary measures will be exhausted by early June. (via MaddowBlog)
, Jan. 19, and it was time for Congress to begin taking necessary steps to prevent default.
A day earlier, the new House speaker told reporters that, as far as he’s concerned, there’s no need to wait until the last minute: President Joe Biden,, should begin the process now of negotiating with GOP leaders and making them happy so as to avoid a default. Democratic Sen. Brian Schatz recently articulated the party’s position using even more direct language.in an interview with The Daily Beast. “You don’t get a cookie. ... You’re just a person doing the bare minimum of not intentionally screwing over your constituents for insane reasons.”
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