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- McCaul On Debt Ceiling: Our Enemies ‘Would Love Nothing More, Particularly China, to See Us Default’
McCaul On Debt Ceiling: Our Enemies ‘Would Love Nothing More, Particularly China, to See Us Default’
by Daily Wire News Daily Wire
Rep. Michael McCaul (R-TX), chairman of the Foreign Affairs Committee, warned during an interview on Sunday that America’s enemies would love to see the U.S. default on its debt.
McCaul made the remarks on ABC News’ “This Week” when asked about comments from former President Donald Trump, who endorsed the U.S. defaulting on its debt if the White House does not agree to spending cuts.
“Well, this is always a game we play, every Congress, you know, in daring each other to jump off the cliff,” McCaul said. “It’s a dangerous game. I think defaulting on our full faith and credit, any financial person would tell you, that’s very catastrophic.”