As President Joe Biden and Republicans in Congress negotiate just weeks before the U.S. is set to hit its debt ceiling, Pentagon and Air Force leaders offered stark warnings that America defaulting on its debt would “embolden” China, potentially devastate the Defense Department’s budget, and ...
As time runs out for Congress to act and avoid an unprecedented debt default, Defense Secretary Lloyd J. Austin III is joining the chorus of voices trying to pressure the legislature into action. In a statement released Oct. 6, Austin warned that if the U.S. ...