Debt Ceiling
While the nation has never defaulted on its debts, the Treasury Secretary said that waiting until the last minute to take action would not be wise.
Congress has only a few days to act before the federal government shuts down and begins furloughing workers in the middle of a pandemic.
But it may already be too late.
It’s a risky gambit ― and one that could easily backfire.
WHAT'S HAPPENING
Now that a Democrat is in the White House, the GOP is raising alarms about deficits after years of looking the other way under Trump.
A prolonged stalemate over border wall funding doesn’t bode well for lawmakers’ task of raising the debt ceiling next year.
They plan to use their leverage to push for legislation protecting young undocumented immigrants.
Come on, man, you know better.
The bill could add $600 billion to the national debt over the next 10 years.