The CEO of Bank of America\n \n , America’s second-largest bank, told CNN he hopes lawmakers resolve their issues, because the market and economy love stability. Yet defaulting on the country’s debt remains a possibility that cannot be ignored. “We have to be prepared for that, not only in this country but in other countries around the world,” Bank of America CEO Brian Moynihan told Poppy Harlow on “CNN This Morning” Monday.
“I think we should leave it alone and make sure it operates correctly.” But he conceded that the government has needed to spend a lot more on various stimulus programs since 2020 due to the Covid-19 crisis, saying that the US had to take on “a lot of debt over the past couple of years to overcome the pandemic drag on the economy.” The economy has rebounded sharply from the depths of the brief Covid downturn.
Sad that the USA is worried about defaulting...but want to raise the debt ceiling so we can go in more debt...anyone else see the vicious cycle ..31 Trillion and counting...eventually it will all come crashing down..
Everyone must pay their debts including the U.S. government.
If there is something Leftists truly worship, it is money and power. Take one or both away and they cry like school children.
He needs to stop contributing to Republicans.