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The clock is ticking on the nation’s ability to pay its debts, as U.S. House Republicans refuse to raise the debt ceiling unless Democrats and the White House agree to steep budget cuts. While much of the attention has been on the economic crisis that could follow a default by the U.S. on its debt obligations, that’s not the only risk facing the nation and our state.
In this special episode of Policy for the People, we examine what’s at stake for Oregonians in the debt ceiling negotiations.
OCPP executive director Alejandro Queral spoke with Whitney Tucker, Director of State Fiscal Policy Research at the Center on Budget and Policy Priorities, about the economic hardship that would fall on Oregonians from the budget cuts sought by House Republicans.