Washington is flirting with a debt crisis. No one has a plan to stop it
Source:CNN
Congressional Republicans and the White House are facing a Debt Crisis that is looming in the near future. If NOTHING is done, there could be drastic austerity cuts that could cause serious problems for a majority of Americans who need assistance, funding the Government, and more.
The US government is hurtling toward a potential financial crisis, and no one in Washington seems to know how to stop it.
As lawmakers trade fire over contempt votes and impeachment, there's been no progress toward reaching a budget agreement or extending the federal government's ability to borrow before September, when the money runs out. That's raising the ugly prospect of more than $100 billion in mandatory cuts as well as an unprecedented default on US debt -- a situation that could trigger a worldwide economic catastrophe.
It's a mess everyone knows is coming, and yet no one seems to have a plan -- at least at the moment -- for averting disaster.
[link:https://www.cnn.com/2019/05/11/politics/congress-debt-ceiling/index.html|
Just what Trump wants, to bring down the world economies as he works to bring down ours.