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A comment on US default on debt would trigger an 'economic catastrophe' – Yellen.

Re:US default on debt would trigger an 'economic catastrophe... by bediger4000 on Tuesday April 25, 2023 @04:19PM (#35706159)
All it takes is US Congress to vote to raise the limit. This is McCarthy's Republican house hoping that Biden would get blamed, and any consequences to everyone else don't matter.
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Re:US default on debt would trigger an 'economic catastrophe... by augment003 on Tuesday April 25, 2023 @09:22PM (#35708747)
It’s unlikely that anyone who doesn’t already blame Biden will end up blaming him.
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Re:US default on debt would trigger an 'economic catastrophe... by bediger4000 on Tuesday April 25, 2023 @11:32PM (#35709411)
Ok. So why is McCarthy doing this? He was happy to raise the debt ceiling 2017-2018.
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Re:US default on debt would trigger an 'economic catastrophe... by augment003 on Wednesday April 26, 2023 @12:07AM (#35709556)
Presumably because a bunch of people he needs votes from are demanding it.
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Re:US default on debt would trigger an 'economic catastrophe... by dragonwriter on Wednesday April 26, 2023 @12:11AM (#35709569)
> So why is McCarthy doing this? He was happy to raise the debt ceiling 2017-2018.

Because unlike in 2017, Republicans don’t hold the White House and the Senate, so McCarthy is grabbing on to any source of leverage on other issues that Republicans in the House wouldn’t need if their party controlled the rest of government.

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Re:US default on debt would trigger an 'economic catastrophe... by AnimalMuppet on Wednesday April 26, 2023 @01:16PM (#35717061)
No. It takes the president signing it after Congress passes it.

So if I understand correctly, McCarthy wants to pass a bill to raise the limit (along with some other stuff), and the president says he'll veto it (because of the other stuff). Who do you blame for that?

And if your answer is "Congress", do you blame Congress all the other times they pass bills with "some other stuff" in them? If not, why do you blame them this time?

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