AOC warns fight against debt ceiling could bring ‘chaos’: ‘It’s reckless, it’s irresponsible’

As debt ceiling negotiations continue in the House, Democratic Rep. Alexandria Ocasio-Cortez claimed that failure to raise the limit would cause massive chaos in the US economy.

“The stakes of a default cannot be underestimated,” Ocasio-Cortez told CNN on Tuesday.

“The ensuing chaos and the impact on people’s daily lives would likely be immediate and that’s one of the reasons we need to take the default off the table,” the MP continued.

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Republicans have to “agree to raise the debt ceiling because, frankly, it’s a very serious situation that nobody wants,” she added.

“It’s not a partisan issue,” Ocasio-Cortez added.

President Joe Biden has told Republicans that the White House is still “bottomed in” on raising taxes and increasing spending, according to House Speaker Kevin McCarthy.

While Democrats have insisted on raising the debt ceiling without preconditions, Republicans are lining up behind the Limit, Economy and Growth Act passed by the House, which would increase the federal borrowing limit by $1.5 trillion while cutting spending by about $150 billion year over year.

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Biden also threatened to use the 14th Amendment – ​​which states that “the validity of the public debt of the United States, authorized by law…shall not be questioned” – to ignore Republican demands and unilaterally increase the limit without Congress. (Drew Angerer/Getty Images)

Ocasio-Cortez continued to attack Republicans for seeking to cut the deficit.

“It’s reckless, it’s irresponsible. It will hurt rural communities, urban communities. It will hurt the elderly, the children who sign up for Head Start,” she said.

Biden also threatened to use the 14th Amendment – ​​which states that “the validity of the public debt of the United States, authorized by law…shall not be questioned” – to ignore Republican demands and unilaterally increase the limit. without Congress.

Ocasio-Cortez, one of the most famous members of the far-left ‘Squad’ in the House, also argued that Republicans were holding the US ‘hostage’ in debt ceiling negotiations. in rhetoric that has been repeated across the Democratic Party. On Tuesday, Democratic House Vice Speaker Ted Lieu also told a press conference that “it’s not a denial, it’s a hostage taking.”

McCarthy called on Democrats to accept his Limit, Save, Grow law in the Senate to avoid default. There are 8 days left before the US government short of money pay its current obligations.

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Fox News’ Kelly Phares and Greg Wehner contributed to this report.