Democrats warn of US shutdown over debt
Breitbart
Senate Democrats warned Thursday of dire economic consequences if Congress fails to raise the US debt ceiling, saying it could prompt a shutdown of the federal government.
"It's playing with fire," said US Senator Chuck Schumer said of the legislative standoff.
If a shutdown were to occur, "citizens couldn't get their checks, veterans couldn't get their benefits, military payments would stop," the veteran New York lawmaker said.
Congress early in 2010 raised the US debt ceiling to nearly $14.3 trillion -- very near the current US debt of some $13.9 trillion dollars.
The government will run out of money in about two months' time, according to the US Treasury Department, unless Congress votes to raise the federal debt ceiling...
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