In recent weeks, President Donald Trump has repeatedly told supporters and surrogates that the federal government will not be able to get out from under the $20 trillion in debt incurred by the stimulus and healthcare law that he signed in 2009.
But it turns out, he may have been right.
The White House is currently under a deadline of Dec. 18 to make payments to banks and insurers for the stimulus, and the House of Representatives is set to vote on the $5.8 trillion health care legislation.
But while Trump may be right that the government will be unable to get the country out of the debt, he is not the only one.
The country may have to make tough choices on where to go next to avoid a collapse, according to a new study published Thursday by the Center for Budget and Policy Priorities, a nonpartisan think tank.
While there is no one-size-fits-all solution to this crisis, there are ways that policymakers can try to address it and keep the country from defaulting, the center found.
1 of 17 Full Screen Autoplay Close Skip Ad × The most memorable moments from the week of July 25 through August 12 View Photos Here are the most memorable speeches, moments and clips from the past week.
Caption Here are some of the most famous moments from Monday, July 25: Sen. Rand Paul (R-Ky.) speaks at a news conference on Capitol Hill in Washington.
Sen. Rand and Rep. Darrell Issa (R.
Calif.) have a joint meeting on Capitol grounds in Washington, July 24, to discuss the debt ceiling.
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