Fmr. Treasury Secy. Jack Lew: $1.3 billion is just a ‘drop in the bucket’ if U.S. defaults on debt
Former Treasury Secretary Jack Lew joins Andrea Mitchell to discuss the potential impact of a U.S. default if the debt limit ceiling is not raised in time. During debt limit brinkmanship and credit downgrade in 2011, the Treasury’s costs increased by about $1.3 billion dollars, according to the Government Accountability Office. “The cost of $1.3 billion is just a drop in the bucket to what it will cost if we actually default,” Lew said. » Subscribe to MSNBC: https://ift.tt/9qAfLj3 Follow MSNBC Show Blogs MaddowBlog: https://ift.tt/dHELUIk ReidOut Blog: https://ift.tt/r8mR6eq MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern. Connect with MSNBC Online Visit msnbc.com: https://ift.tt/eUyJIEW Subscribe to the MSNBC Daily Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: https://ift.tt/nX5zojQ Follow MSNBC on Twitter: https://ift.tt/bjuOJTL Follow MSNBC on Instagram: https://ift.tt/4HhgFdU Fmr. Treasury Secy. Jack Lew: $1.3 billion is just a ‘drop in the bucket’ if U.S. defaults on debt #DebtCeiling #Economy #Business
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