The White House does not 'have a plan B' if lawmakers fail to raise the debt ceiling — and Biden will not solve the crisis without Congress, the Deputy Treasury Secretary says
that"there would clearly be litigation around that; it's not a short-run solution. It's legally questionable whether or not that's a viable strategy."to solve the crisis don't want the president to worry about the potential legal challenges.
"There's a window before the Supreme Court signs off on it where there will, in fact, be uncertainty," Sen. Sheldon Whitehouseon a press call last week."But one would hope that you could find a way if really, the kind of consequences that we foresee are happening, to get quickly to the Supreme Court, have them resolve the question quickly, and frankly, the sooner you begin that process, the sooner you end that process.
"It's not even a question of leverage, it's not a question of negotiation. It's a question of saving our economy from potential disaster," Ocasio-Cortez said."And Kevin McCarthy has decided to take the entire US economy hostage in exchange for vague and unfocused demands or gestures, I should really call them. It is profoundly irresponsible. It is posing a threat to our economy. It poses a threat to our national security.
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