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senate majority leader chuck schumer and house minority leader hakeem jeffries put out a joint statement in the last few minutes saying by default forced by extreme maga republicans to plunge the country into deep recession and leads to higher costs on things like mortgages and car loans and credit card interest rate, they say they would need to quickly pass legislation so there is no risk of catastrophic default. they point back in 011 this fight happened and the u.s. ended up getting a credit downgrade for the first time in history just because of the kind of brinkmanship that spooked the market. they re insisting quick legislation, a quick deal, no conditions, that s going to put them on course with a serious collision with republicans. neil, talk about what that collision might mean, if in fact we can t get it done. in other words there is a lot at stake here, if this doesn t happen. there is. and exactly how things play out, if we reach the debt ceiling, and you know, there ar

House of representativesHakeem jeffriesChuck schumerU sCredit downgradeCar loansCredit card interest rateNeil irwinDebt ceilingDoesn t