House Preparing for Possible Debt Ceiling Default

“The House Ways and Means Committee is soon taking up a bill that would require the government to keep making certain payments if it breaches the debt ceiling,” Semafor reports.

“Per a notice sent to committee members reviewed by Semafor, the panel will be marking up a three-page bill from Rep. Tom McClintock, R-Calif., that would authorize the Treasury Department to continue making interest payments on the national debt in the event of a default.”