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Biden and the Democrats in Congress must use the 14th article of the Constitution, which states the "Public dept of the United States shall not be called into question."
These shut-downs are dangerous. Moody's financial ratings agency has stated they will give the U.S. economy a reduced rating if another shut-down happens. Then foreign nations will be strongly tempted to ditch the U.S. dollar as the world reserve currency. And that ladies and germs is no joke.
These shut-downs are dangerous. Moody's financial ratings agency has stated they will give the U.S. economy a reduced rating if another shut-down happens. Then foreign nations will be strongly tempted to ditch the U.S. dollar as the world reserve currency. And that ladies and germs is no joke.