If there is a default--and as I say, Mexico has never paid back its debts. It owes $89 billion it is not paying off right now. It means that we pledge the full faith and credit of the people of the United States to pay the debts of Mexico.
Marcy Kaptur: “If there is a default--and as I say, Mexico has never paid back its debts. It owes $89 billion it is not paying off…”
Editor's note · Context
Discussing the implications of a potential default on Mexico's debts.
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