Elon Musk warns there's a growing risk of a US default as the deadline to raise the debt ceiling looms
A Twitter user, Whole Mars Catalog, wrote that"defaulting on the national debt is a bad idea" in a recent tweet. Musk — the CEO of Tesla, SpaceX, and Twitter —There's mounting concern on Wall Street that America could fail to repay money it owes and send shockwaves through the global financial system. Lawmakers have been sparring over whether to raise the debt ceiling or not, with House Speaker Kevin McCarthy recently proposing a bill that would lift the borrowing limit by $1.
Treasury Secretary Janet Yellen has repeatedly urged lawmakers to act on the debt limit – and warned that failing to raise the debt ceiling in time could result in a"
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