What Happens if America Defaults on its Debt? Posted May 8th, 2023 at 4:13pm by Keya Vakil FILE – Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don’t want the government of the world’s largest economy to default. But President Joe Biden has resisted McCarthy’s calls for negotiations, while McCarthy is pushing a plan that can’t pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File) Full story →
