The White House warned that a debt ceiling crisis could be just as bad as the Great Recession — and there'd be no way for the government to help anyone out

Tech Insider : Economy, Politics
President Joe Biden.
President Joe Biden.

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Nobel economist Paul Krugman says minting a $1 trillion coin to prevent a debt ceiling crisis wouldn't be inflationary

Tech Insider : Economy
paul krugman

Franck Robichon/Reuters

Democrats have been plotting since January to deploy an obscure legal strategy that could bypass Kevin McCarthy and force a debt ceiling vote if Republicans send the country to the edge of default

Tech Insider : Politics
WASHINGTON, DC- APRIL 26: Speaker of the House Kevin McCarthy (R-CA) speaks to the media in National Statuary Hall following the House passing a bill focusing on the debt ceiling at the United States Capitol on Wednesday April 26, 2023 in Washington, DC.
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