Biden May Have to Act Unilaterally to Avoid Default, Khanna Says
- Democrat floats legal moves to outflank GOP, $1 trillion coin
- US obligated to pay off debt already approved, Khanna says
This article is for subscribers only.
The US will not default on its debt but the Biden administration might be forced to take unilateral action to head off a crisis, Representative Ro Khanna, a California Democrat, offering several possible executive maneuvers.
“The question is whether it’s going to come to unilateral action by the executive branch,” Khanna said during a meeting with Bloomberg News reporters and editors on Monday.