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Schatz Reintroduces Legislation To Avoid Catastrophic Debt Default

Press Release

Date: April 19, 2023
Location: Washington, D.C.
Issues: Monetary Policy Economy and Fiscal Government Budget and Spending

"Defaulting on our debt would be an economic catastrophe for everyone -- families, veterans, seniors. Congress has the chance to debate federal spending, and it's well before the bill comes due. Republicans are using the debt limit to hold the country hostage. We need to stop playing this very dangerous game with the nation's economy and get rid of the debt ceiling."


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