A former GOP governor and major voice for Wall Street minced no words on Friday about the repercussions the United States would face for defying the debt ceiling.
In a Washington Post op-ed, President & CEO of the American Bankers Association Frank Keating expressed how grave a decision it would be for Congress to default on its nearly $17 trillion in debt.
"Using the debt ceiling as leverage in the deficit debate is unwise and dangerous," Keating wrote. "Citizens nationwide are frustrated with the political stalemate in Washington. But our nation’s financial integrity should not be used as a bargaining chip."
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