More than 7,800 people in the East Bay could lose their jobs, nearly 70,000 more could see their Social Security payments jeopardized, and 259,000 people could lose their health benefits if the federal government does not raise the debt ceiling, says East Bay Congresswoman Barbara Lee (D-Oakland).
Congress is currently holding negotiations to raise the federal debt ceiling to avoid defaulting on its loans. The debt ceiling restricts the federal government’s ability to borrow money and the impact of not raising the limit expands beyond just the Easy Bay, it could cause a major disruption to the global economy as well.
It’s something Lee says didn’t happen under the Trump administration when the ceiling was raised without much of a fight. This comes ahead of planned talks between President Biden and the top Congressional leaders of both parties at the White House next week. Biden said he will not support any attempt to link raising the debt ceiling to spending cuts and Lee told KTVU that the president should stay firm in his demands for Congress to raise the debt ceiling.
Lee added that the negotiations need to extend beyond the D.C. arena into the districts of the politicians where residents will be affected by the decision. If it was up to her, she would direct messaging to the people of McCarthy’s district on how they could be hurt by a government shut down.
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