Calmes: On the debt-ceiling crisis, take it from moderate Republicans: Be afraid, be very afraid (via latimesopinion )
of the U.S. credit rating and, consequently, billions of dollars in higher interest on the nation’s borrowing — interest payments that only added to the debt.
The nation bumped up against the existing debt ceiling last month, but Treasury Secretary Janet L. Yellen is finagling federal accounting withto delay D-day until perhaps early summer. Meanwhile, McCarthy insists House Republicans will not agree to raise the ceiling unless Democrats first agree to slash spending. a “clean” bill that simply raises or suspends the limit.
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