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Threat of U.S. default declaration
Haebom
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The U.S. debt can only be spent up to a set "debt ceiling"... and the extension of this debt ceiling is decided by the U.S. House of Representatives.
Currently, the House of Representatives is majority Republican, and Biden is a Democrat.
The United States has avoided default by continuously increasing its debt ceiling since the 1960s.
Since last April, Sister Alan has also been talking about increasing the debt limit.
D-day is June 1st, if the increase is not made by then, the US will go bankrupt for the first time since the Great Depression.
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