Richmond, Va. (Newsradiowrva.com) - In a conference call with reporters, Senator Mark Warner (D) says it would be a disaster if Congress did not raise the debt ceiling and fund the government. Congress needs to pass a budget bill by the end of September 30th or there will be a government shutdown.
Warner says failure to raise the debt ceiling and fund the government could lead to higher interest rates, stock market fluctuations, and with a shutdown, a halt to medicare and social security payments. Military paychecks would also be at risk. Republicans are threatening to block a raise in the debt ceiling.
Warner says the debt ceiling does not deal with new debt, but rather, paying off debt already accrued during the Trump Administration.
Says Failure to Raise And Avoid Shutdown Would Be Disaster




