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Sen. Coons: 'The single worst thing we could do is default”
Posted
May 20, 2023
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May 20, 2023
7,582
168
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4.71%
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2:33Now Playing“Default would be catastrophic.” With only about two weeks left until the June 1st deadline and no resolution yet to the debt ceiling standoff, Sen. Chris Coons (D-DE) is warning about the devastating effects of a default. “Full default would cost eight million jobs, throw our economy into a recession, and impact our standing in the world,” he tells Ali Velshi. “The single worst thing we could do is default.” While a small faction of radical Republicans are threatening to bring the country to the brink of economic disaster, others in Congress are trying a few different approaches to avoid it. “We have three fairly difficult pathways here and not a lot of time,” Coons says. But at the end of the day, he states, “Default is not an option.”
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