Congress' fight over debt limit could lead to financial catastrophe

Name: Congress' fight over debt limit could lead to financial catastrophe
Uploaded: 2023-04-28T02:57:18Z
Duration: 3 min 33 s
Description: If Republicans and Democrats don't figure out a compromise on the debt limit, it will likely mean financial catastrophe. A bill with a debt limit raise but steep spending cuts passed Wednesday in the House putting more pressure on President Biden to negotiate with House Speaker Kevin McCarthy. Mica Soellner with Punchbowl News joins FOX 5 to talk about what's at stake.

If Republicans and Democrats don't figure out a compromise on the debt limit, it will likely mean financial catastrophe. A bill with a debt limit raise but steep spending cuts passed Wednesday in the House putting more pressure on President Biden to negotiate with House Speaker Kevin McCarthy. Mica Soellner with Punchbowl News joins FOX 5 to talk about what's at stake.

Posted April 27, 2023 10:57pm EDT