Robert Reich

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Back to another horrible, hellish, horrendous, totally absurd battle over the debt ceiling

robertreich.substack.com

Back to another horrible, hellish, horrendous, totally absurd battle over the debt ceiling

Robert Reich
Jan 17
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Share this post

Back to another horrible, hellish, horrendous, totally absurd battle over the debt ceiling

robertreich.substack.com

Friends,

Treasury Secretary Janet Yellen just announced that the federal government will hit the limit on total federal debt on January 19, just two days from now.

After that, the Treasury Department will be forced to take “extraordinary measures” to avoid defaulting on the debt, which would likely trigger a global financial crisis.

Congress could defuse …

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