Default

WASHINGTON – Tonight, Senator Peter Welch (D-Vt.) released the statement below following passage of bipartisan legislation to suspend the debt ceiling and avert a U.S. default:  “America has always paid its bills—in full and on time—and we must continue to do so. Default would be catastrophic…

WASHINGTON, DC - In a Tuesday floor speech, Senator Peter Welch (D-Vt.) laid out the catastrophic economic effects of defaulting on our national debt, after House Republicans made clear they are willing to risk default to force substantial cuts to programs that create jobs, support…