Can Biden and McCarthy avert a calamitous debt default? 3 evidence-backed leadership strategies that might help
- Written by Wendy K. Smith, Professor of Business and Leadership, University of Delaware
Whether or not the U.S. defaults on its debt may depend on the leadership of Joe Biden and Kevin McCarthy.AP Photo/Mariam ZuhaibThe U.S. is teetering toward an unprecedented debt default that could come as soon as June 1, 2023.
In order for the U.S. to borrow more money, Congress needs to raise the debt ceiling – currently US$31.4 trillion....