The gap in income to the USA Treasury is about two weeks in length. There is no reason to continue the standoff with a GOP that can't get their act together. McCarthy is basically incompetent. It took him forever to be elected to Speaker in the first place, there is no reason it won't take forever to close the gap on the income ceiling.
Secretary Yellen is most worried about US Treasury Bonds paid in June and December. It is those that are finding the shortfall a threat. US Treasury bonds are vital to the health of the USA government and economy. It is time to move forward with measures the White House can carry out because there is just no hope competency will return to the US House soon.
By Al Weaver
Sen. Bernie Sanders (I-Vt.) (click here) on Wednesday called for President Biden to invoke the 14th Amendment in order to raise the debt ceiling and avoid a default on the nation’s credit as White House and House GOP negotiators race to strike a deal.
In an Fox News op-ed, Sanders said enacting many of the proposed cuts Republicans passed in their debt limit bill last month — and that are on the table now — would be “a disaster,” just as a default would be....
Sen. Bernie Sanders (I-Vt.) (click here) on Wednesday called for President Biden to invoke the 14th Amendment in order to raise the debt ceiling and avoid a default on the nation’s credit as White House and House GOP negotiators race to strike a deal.
In an Fox News op-ed, Sanders said enacting many of the proposed cuts Republicans passed in their debt limit bill last month — and that are on the table now — would be “a disaster,” just as a default would be....
