On the recordMay 21, 2013
If you are in default, you are in default. And prioritization doesn't solve that problem. You need to extend the debt limit.
Said by
Jacob J. Lew
Source
congress.govJacob J. Lew: “If you are in default, you are in default. And prioritization doesn't solve that problem. You need to extend the debt…”
Editor's note · Context
Lew argues against prioritizing debts, stating it doesn't resolve the default issue.
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