Democrat and Republican House reps. explain how defaulting on U.S. debt will create a 'catastrophe' for real estate, housing and 'so many different markets.'
Fox News senior congressional correspondent Chad Pergram reports on Democrats calling on President Biden to invoke the 14th Amendment on debt limit on ‘The Evening Edit.’
"This town does not know how to actually manage things financially. They just like to borrow money and keep spending it, but I am concerned," Donalds also told Fox News Digital. "And so what it's going to require is the president and Senate Democrats to actually do their job, and come up with a strategy for raising our debt ceiling.
"I think a default is going to be catastrophic in ways we don't fully understand yet because we've never done it, so yet one of many reasons that the president should have started negotiating three months ago," Rep. Michael Waltz, R-Fla., also said Thursday. "I guess it's progress that he finally named his negotiators. We're running out of time. It's irresponsible. It's dangerous.
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