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The looming prospect of a default on the U.S. national debt<\/a> poses a “real threat that both sides have to take serious,” Rep. Don Bacon (R-Neb.) told ABC’s “This Week” Sunday.<\/p>\n Driving the news: <\/strong>Treasury Secretary Janet Yellen told House Speaker Kevin McCarthy<\/a> in a letter<\/a> Friday that the U.S. was set to reach its debt limit on Jan. 19, at which point the Treasury would begin to take “extraordinary measures” to avoid default.<\/p>\n What they’re saying: <\/strong>“The Republicans were largely elected to get control of reckless funding. That’s the mission that their voters have given them. So, when President Biden says he’s just going to refuse to negotiate with Republicans on any concessions, I don’t think that’s right either,” Bacon said.<\/p>\n <\/p>\n Go deeper: <\/strong>Why debt ceiling risks could be real this time<\/a><\/p>\n<\/div>\n\n The looming prospect of a default on the U.S. national debt poses a “real threat that both sides have to take serious,” Rep. Don Bacon (R-Neb.) told ABC’s “This Week” Sunday. Driving the news: Treasury Secretary Janet Yellen told House Speaker Kevin McCarthy in a letter Friday that the U.S. was set to reach its …<\/p>\n","protected":false},"author":1,"featured_media":42183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42182"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=42182"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/42183"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=42182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=42182"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=42182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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