MSNBC Katy Tur Reports July 6, 2024
revolutionary war, but we are. good to be you with. i'm katy tur. america has been arguing about it for its existence entirely, the first debt racked up during the revolutionary war in 1776 when george washington borrowed $7 a million, a ton for that time, to pay for it. 247 years, and now $31.4 trillion later, we have hit our self-imposed limit. again, so what does that mean exactly? house republicans are promising a political showdown in washington, and it also means the beginning of what the treasury department calls extraordinary measures to stave off default. we will explain wha...