Tagged: Debt Limit

Members of Congress are hoping to avert public panic as the country is now just a week away from defaulting on its debt for the first time ever. But the message from freshmen Republican members of Colorado’s delegation is “don’t worry.”

Eastern Colorado Representative Cory Gardner says he wants to reassure people that Congress will not let the nation’s economy implode.

“This country will not default. The president will make the determination on what to do if there is no agreement but we will not default. This congress, we will come to a solution,” says Gardner.

As negotiations continue over the debt limit in Washington, Colorado senator Mark Udall is asking lawmakers to put an end to unemployment payments for millionaires.

The clock is ticking as lawmakers grapple with budget issues that could cause the nation to default on its loans. The Republican-controlled House is expected to pass a balanced budget amendment this week as a part of any deal. KUNC’s Brian Larson spoke with Colorado Statesman Publisher Jody Hope Strogoff about Colorado’s role in the negotiations.