Did The Treasury Dept. Mislead The Public About The Risks Of Raising The Debt Ceiling?
On Monday, the Republican chairman of the House Financial Services Committee accused the Obama Administration of “[holding] the nation’s creditworthiness and economy hostage in a cynical attempt to create a crisis” during the latest battle over the debt ceiling. According to documents that were obtained under subpoenas, the Treasury Department “misled the public” in order to exert pressure on a recalcitrant Congress. The 322 page committee report is based on a review that began more than two years ago. The report says that Treasury Department chairman Jack Lew and other officials engaged in a campaign of deception in order to...
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