Senate Budget Committee Chair Whitehouse: Debt Ceiling Process Needlessly Exposes U.S. to Substantial Default Risk, Warns GAO
December 12, 2024
December 12, 2024
WASHINGTON, Dec. 12 -- Sen. Sheldon Whitehouse, D-Rhode Island, chairman of the Senate Budget Committee, issued the following news release on Dec. 11, 2024:
The current debt ceiling process "exposes the country to an unnecessary risk of default," concluded a new report published today by the Government Accountability Office (GAO). Because spending and revenue decisions are separated from Treasury's borrowing authority, and because Republicans frequently play political game . . .
The current debt ceiling process "exposes the country to an unnecessary risk of default," concluded a new report published today by the Government Accountability Office (GAO). Because spending and revenue decisions are separated from Treasury's borrowing authority, and because Republicans frequently play political game . . .