Congress Must Act To Address The National Debt Ceiling

Washington, DC – Kendall Forward, OAN Political Correspondent
With everything going on in Washington, D.C. the national debt ceiling is an issue Congress can’t ignore much longer.
So much so, Treasury Secretary Steve Mnuchin asked Congress to raise or suspend the ceiling before leaving for summer recess in August.
The cap on U.S. borrowing is currently set at $19.81 trillion. But, the Treasury Department is running out of ways to keep it below the limit, while floating the bills for the nation’s obligations and past lawmakers’ commitments, in full and on time.
Adjunct Professor at George Washington University, Gary Nordlinger says, “it is without a doubt the most important thing that can happen in the us.” He adds it’s critical to keeping a strong economy, saying “if we don’t have the debt ceiling increase then the United States defaults on the interest on its debts and all of the sudden the dollar goes from being the universal currency of the world to being junk.
He says Congress must come together to act quickly and efficiently in addressing Secretary Mnuchin’s concerns and raise or suspend the ceiling. He’s confident the budget will push through, then Congress must act to pull the reigns back on spending with more fiscally responsible policies.