Schatz Reintroduces Legislation To Avoid Catastrophic Debt Default
April 20, 2023
April 20, 2023
WASHINGTON, April 20 -- Sen. Brian Schatz, D-Hawaii, issued the following news release:
U.S. Senator Brian Schatz (D-Hawai'i) reintroduced legislation to avoid default by repealing the national debt ceiling, an arbitrary limit set by Congress on the amount of funding that the United States Treasury may borrow.
"Defaulting on our debt would be an economic catastrophe for everyone - families, veterans, seniors. Congress has the chance to debate federal spending, and . . .
U.S. Senator Brian Schatz (D-Hawai'i) reintroduced legislation to avoid default by repealing the national debt ceiling, an arbitrary limit set by Congress on the amount of funding that the United States Treasury may borrow.
"Defaulting on our debt would be an economic catastrophe for everyone - families, veterans, seniors. Congress has the chance to debate federal spending, and . . .