“Extremist” Republicans are trying to force Americans to accept massive cuts in federal spending that will harm the middle class in a deliberate attempt “to wreck the Biden economy,” Sen. Elizabeth Warren (D-Mass.) said on March 7.
The remarks came as the opening salvo in a committee hearing to assess the possible economic impact of breaching the U.S. debt ceiling. Ultimately, the hearing showcased the two parties’ opposing visions for how to regulate the economy and preserve American jobs.
Warren and invited witnesses appearing before the Senate Committee on Banking, Housing, and Urban Affairs decried any delay in raising the nation’s $31.4 trillion debt ceiling as irresponsible and almost certain to cause financial harm….