Congress Warned of ‘Critical’ Need to Raise Debt Ceiling to Avoid Dire Scenario Triggered by Default

Last month Congress raised the US debt limit into December amid warnings from the Treasury Secretary that failure to do so might cause the nation to default on its $28+ trillion in debt. Regardless, the White House has continued to push forward with trillions in spending, such as the $1.2 trillion infrastructure bill signed into law by Joe Biden.