Deputy Treasury Sec: the US has never defaulted on its debt

Wally Adeyemo, Deputy Treasury Secretary, stated that conversations on the debt limit between parties are constructive and that the President is eager to meet with leaders to ensure progress. He emphasized that it’s crucial to recognize that if the United States defaulted on its debt, it would impact not just financial markets but also essential payments to Social Security recipients, troops, and border workers, which is why the President has urged Congress to raise the debt limit promptly.