US default on debt would trigger an 'economic catastrophe'

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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