Sen. Coons: 'The single worst thing we could do is default”
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- Publish Date:
- 21 May, 2023
- Category:
- MSNBC
- Video License
- Standard License
- Imported From:
- Youtube
“Default would be catastrophic.” With only about two weeks left until the June 1st deadline and no resolution yet to the debt ceiling standoff, Sen. Chris Coons (D-DE) is warning about the devastating effects of a default. “Full default would cost eight million jobs, throw our economy into a recession, and impact our standing in the world,” he tells Ali Velshi. “The single worst thing we could do is default.” While a small faction of radical Republicans are threatening to bring the country to the brink of economic disaster, others in Congress are trying a few different approaches to avoid it. “We have three fairly difficult pathways here and not a lot of time,” Coons says. But at the end of the day, he states, “Default is not an option.”
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