In a Jan. 27 letter, lawmakers supported legislation to require the U.S. Treasury to prioritize payments for the public debt, Social Security, Medicare, veterans benefits and military pay, if the government were to breach the current $31.4 trillion borrowing limit in coming months.
The federal government neared its congressionally imposed $31.4 trillion borrowing limit on Jan. 19, and the Treasury Department warned it may not be able to pay bills past early June, at which point the world's biggest economy could be at risk for default. "We do not intend to vote for a debt-ceiling increase without structural reforms," added the lawmakers, who included Senate Republican Conference Chairman John Barrasso.
But the senators cited debt prioritization legislation as an acceptable reform. Such legislation, which hardline Republicans in the House of Representatives support, would direct the Treasury to make debt payments to avoid default and maintain benefits for the elderly, veterans and the military. Other federal programs could shut down.
Insurrectionist Mike Lee is a clown, lke his party. Nobody sane and non-partisan cares what he thinks
Shut up Mike Lee you are garbage.
25 republicans in the Senate make demands and you put that headline? Do better. You suck.
LMAO SenMikeLee
Reuters was always the most reliably neutral news service. Now it's just more MAGA propaganda. Your lede photo is an insurrectionist, ffs.
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