As the U.S. Speeds Toward Default, Why the Pentagon Matters
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America is now entering an 11th-hour critical phase of the debt-ceiling fight in Washington. If Congress and the White House cannot cobble together a deal by June 1 – less than two weeks from now – the U.S. Treasury made clear again this week it will run out of funds to pay the nation's bills and America will, for the first time in history, go into financial freefall.
This absolutely cannot happen, especially as the country struggles with a post-pandemic recovery, higher borrowing costs and searing inflation.
Source Fool.com
