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What Could the US Do to Avoid a Default?
Posted
May 19, 2023
Views
2,048
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63
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Engagement
3.42%
May 19, 2023
2,048
63
7
3.42%
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0:56Now PlayingThe 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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