Two months after the U.S. neared its first-ever debt default, President Joe Biden has created a team to assess ways to avert future standoffs over the country's debt ceiling, according to a media report Thursday.
The working group, consisting of administration officials and without any Republican members, will be led by White House Counsel Stuart Delery and National Economic Council Director Lael Brainard, Bloomberg reported, citing a White House statement.
“Now that the latest debt ceiling crisis is behind us, it is necessary to explore all legal and policy options to prevent Congress from ever again holding hostage the full faith and credit of the United States,” the statement said.
https://seekingalpha.com/news/3989480-biden-said-to-form-team-to-avert-future-debt-limit-standoffs
Because the debt limit should be infinity, right?
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