14:24 GMT +315 December 2018
Listen Live
    US President Donald J. Trump delivers his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017

    US Lawmakers Urge Trump to Work With Congress to Raise Debt Limit

    © REUTERS / Jim Lo Scalzo/Pool
    Get short URL

    President Donald Trump needs to work with Congress to raise the US debt ceiling to ensure the United States does not default when the current suspension expires on March 16, US Congressmen Richard Neal and John Yarmuth wrote in a letter to Trump on Monday.

    WASHINGTON (Sputnik) — In August, Congress passed a bill to raise the debt ceiling just ten hours before the deadline was set to expire. The move caused ratings agency Standard and Poor to downgrade the US credit score from AAA to AA-plus.

    "We urge you to work with Congress to ensure that there is no default risk," the letter stated. "It is imperative that you, like all of your predecessors, send a clear message that the United States will continue to pay its debts, on time, and in full."

    The letter noted that if Trump is unable to get Republicans in Congress to raise the debt limit, he must give Congress and the financial markets clear information about his plan to allow the Treasury Department to use "extraordinary measures" to delay a default.

    US Department of Treasury, US Congress, Donald Trump
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik