DFL Sen. Al Franken appeared on MPR’s Midday today to discuss the budget battle in Washington, President Obama’s speech and other issues facing Congress. During the conversation, Franken expressed concern that the federal government could eventually default on its debt for the first time in the nation’s history.
“We cannot default on our treasuries, on our debt,” Franken said. “We just can’t do that. The Treasury bill is the most secure investment in the world and must stay that way. If we default on our debt, it will be absolute disaster. We cannot allow that to happen.”
You can listen to the entire Midday here.
You can read more about the debt ceiling here.