Pentagon Warns Failing To Raise Debt Ceiling Could Harm National Security

  • 📰 Forbes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Biden has spent weeks warning about dire economic consequences if Congress fails to approve more federal borrowing before the government runs out of money on Oct. 18.

Payments to defense contractors — which employ large numbers of people and “provide our military with world-class services, technology, and equipment” — could also be delayed, according to Austin.

Austin also warned about broader impacts of a debt default: It may harm the United States’ reputation with its allies, and it could erode the U.S. dollar’s longstanding position as the world’s“If the United States defaults, it would undermine the economic strength on which our national security rests,” Austin said in a

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So then - now can we finally admit the debt is this a threat to National secority too

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC chair warns U.S. debt default would shock marketsSEC Chair Gary Gensler warned Congress that a U.S. debt ceiling breach threatened to unleash significant volatility and disruption in financial markets Ca$h gang, wya? 💰 After a failed insurrection, the debt ceiling breach is an easier attempt to destroy America GQP wants this so they can blame BIden
Source: politico - 🏆 381. / 59 Read more »

Defense Sec. Austin warns debt ceiling lapse could mean no paychecks for troopsDefense Sec. Austin warns that defaulting on the nation’s debt would pose catastrophic consequences for the military: 'I would have no authority or ability to ensure that our service members, civilians, or contractors would be paid in full or on time.' MitchMcConnell DID THIS!!!!! Not to mention SS recipients. Pray for this Nation people because Jesus is coming back very soon.
Source: NBCNews - 🏆 10. / 86 Read more »

Biden to meet CEOs of J.P. Morgan, Intel, Nasdaq as White House warns failure to raise debt limit could set U.S. back decadesPresident Joe Biden is scheduled to meet with a group of top U.S. business leaders on Wednesday amid a brawl over raising the U.S. debt limit, as the White... Will he be awake for these meetings 10% for the big guy
Source: MarketWatch - 🏆 3. / 97 Read more »