Senate Hearings to Expose GOP's Reckless Debt Limit Bill

Senate Majority Leader Chuck Schumer announced that the Senate will hold hearings to expose the impact of the Republican bill, Default on America Act (DOA), which proposes to lift the debt ceiling. Schumer called the bill a "hard-right ransom note to the American people" and argued that it offers only two choices: default on the debt or default on America. The Budget Committee will hold a hearing on the DOA on Thursday. The White House has insisted on a "clean" increase, while the House Republican bill would raise the debt ceiling and cut spending.