The United States hit its debt ceiling on Thursday, and that could result in the country’s challenge to pay its bills. FOX News reports House Democrats have proposed legislation that would get rid of the debt ceiling, giving the government the ability to borrow without any limit set by Congress. Republicans have been hesitant to raise the debt celiing. Rich Cossa of Mahoney Asset Management in Chestnut Ridge says without a deal, it could be a disaster…
Experts expect the president to negotiate with Republicans to avoid default.