What Could the US Do to Avoid a Default?
May 19, 2023
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0:56Now PlayingWhat Could the US Do to Avoid a Default?
YouTube Description
as posted by the channelThe X day for raising the US debt limit is quickly approaching and negotiations between are still ongoing. Bloomberg's Viktoria Dendrinou breaks down what options could be used to avoid the country's first-ever default.
House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer are making plans for votes in the coming days on a bipartisan deal to avert a catastrophic US debt default.
McCarthy said that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend, lining up a vote in his chamber.
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