What happens if the debt ceiling isn’t raised?

What happens if the debt ceiling isn’t raised?

Posted: Updated:

President Obama called on Republican legislators to raise the nation's debt ceiling so the country can pay its bills. He explained that raising the debt ceiling only allows the country to pay for the bills that are already owes and warned of economic consequences if Congress fails to act.

Joining FOX 7 to discuss this request is Ted Delisi, a Republican strategist and Jason Stanford, Democratic consultant and author.

Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices