Democrats warn of looming downgrade as US faces debt default crisis

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AFP

Washington (AFP) – Democratic Senate leader Chuck Schumer warned Tuesday that the United States was flirting with a disastrous downgrade in its credit rating as lawmakers remained deadlocked over how to stave off a debt default with just days to spare. Democrats say the Senate needs to act by the end of the week to raise the government’s borrowing cap, but a vote set by Schumer for Wednesday looks doomed to fail as the Republicans refuse to allow a simple majority vote.  Faced with the deadlock, President Joe Biden told reporters there was a  “real possibility” of changing the rules in Congres…

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