Even approaching a default could cause an increase in borrowing costs and other financial stress, while an actual default would spark a financial crisis and global downturn of unknown but substantial severity.
DeLauro warns about the severe consequences of a potential default.
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Circumventing Congress to divert money intended to help Americans who are exposed to HIV, influenza, tuberculosis, and other deadly diseases—and directing those funds to the Department of Defense—is beyond the pale.
These funds were provided for lifesaving medical research, not as extra money for the Department of Defense.
Overdose deaths are on the decline in Connecticut, but addiction and mental health issues still affect the lives of countless individuals and families across the country.
Not only is freezing the money in this proposal illegal, but the administration has also clearly been unlawfully impounding funds all year just to get to this point.
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