Monday - December 23, 2024
As Debt Ceiling Looms, Durbin Joins Introduction Of Legislation To Avoid Catastrophic Default
December 12, 2024
WASHINGTON, Dec. 12 -- Sen. Richard J. Durbin, D-Illinois, issued the following news release:

The debt ceiling will be reinstated on January 2, and default could lead to a recession

Senate Majority Whip Dick Durbin (D-IL) today joined U.S. Senator Brian Schatz (D-HI) and 16 colleagues in introducing the End the Threat of Default Act, legislation that would permanently remove the threat of a default by repealing the national debt ceiling, an arbitrary limit restricting t . . .

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