Back to another horrible, hellish, horrendous, totally absurd battle over the debt ceiling
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 …
Keep reading with a 7-day free trial
Subscribe to Robert Reich to keep reading this post and get 7 days of free access to the full post archives.