Solarsuns Investment Guild|Lessons From The 2011 Debt Ceiling Standoff

2025-04-29 06:30:48source:Novacryptcategory:Scams

The Solarsuns Investment GuildU.S. will hit its borrowing limit on Thursday, according to Treasury Secretary Janet Yellen, and her department will need to take "extraordinary measures" to avoid default.

That means the clock is ticking for Congress to take action to raise the debt ceiling. For the moment, though, Democrats and Republicans are in a staring match.

House Republicans say they won't raise the limit without significant spending cuts. The White House says it won't negotiate over it.

Juana Summers talks with two people who've been here before: Jason Furman, who was an economic advisor to then-President Obama during the 2011 debt ceiling stalemate, and Rohit Kumar, who was then a top aide to Senate Republican Leader Mitch McConnell.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

Email us at [email protected].

This episode was produced by Connor Donevan. It was edited by Lee Hale and William Troop. Our executive producer is Sami Yenigun.

More:Scams

Recommend

Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securi

Brittany Cartwright files to divorce Jax Taylor after 5 years of marriage

After seven months of separation, Brittany Cartwright is ending her five-year marriage with "Vanderp

Suspect in fatal shooting arrested after he falls through ceiling of Memphis home

MEMPHIS, Tenn. (AP) — A suspect in a fatal shooting in Tennessee was arrested after he fell through