National Economic Council Director Lael Brainard says she expects Congress to avert default
Sen. Bill Cassidy, R-La., joined ‘Cavuto: Coast to Coast’ to discuss the looming debt default as President Biden continues to postpone his discussion with Speaker McCarthy.expects CongressBrainard, who recently began serving as the council’s director after previously serving as vice chair of the"When I talk to CEOs, to business leaders around the country, they tell me that things are actually going very well," Brainard said.
Even with these concerns about a potential U.S. default, Brainard said the debt-ceiling talks among lawmakers in Washington are "serious" and "constructive." Director of the National Economic Council Lael Brainard said Congress has the tools to prevent the U.S. from defaulting on its debt. "We do pay our bills," the economist said. "Congress has always acted, and they know how to do it, and they have the capacity to do it in a timely manner."
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