114th Congress

The evidence is clear: defaulting on our nation’s debt is no joke. The only real solution to avoid default is to raise our nation’s debt limit. Take a look at what’s being said by economists, government officials, and stakeholders about the consequences of default if Congress fails to raise the debt limit:

The Republicans’ “Pay China First” debt prioritization bill (H.R. 692), scheduled to go to the House Floor for a vote tomorrow, would guarantee payments to some Treasury bondholders in the case of a default – while leaving the majority of the 80 to 100 million payments we make each month at risk.