Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago.
Showing posts with label U.S. default. Show all posts
Showing posts with label U.S. default. Show all posts
Tuesday, October 15, 2013
Sunday, July 10, 2011
White House, GOP Still Playing Chicken over Debt Ceiling; Pawlenty Slams Bachmann
Sessions: Lawmakers Will Need Time to Look at Any Deal
Senate Banking Committee ranking member Jeff Sessions echoed Treasury Secretary Timothy Geithner’s comments that while August 2 may be the nation’s default date, the time to make a deal on raising the debt ceiling is much sooner.
“We’re not just going to ratify some secret deal even if our good leaders plop it down on the floor of the Senate; we need at last seven days to review something as historic as this,” the Alabama Republican said on CBS’s Face the Nation.
Senate Banking Committee ranking member Jeff Sessions echoed Treasury Secretary Timothy Geithner’s comments that while August 2 may be the nation’s default date, the time to make a deal on raising the debt ceiling is much sooner.
“We’re not just going to ratify some secret deal even if our good leaders plop it down on the floor of the Senate; we need at last seven days to review something as historic as this,” the Alabama Republican said on CBS’s Face the Nation.
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