Biden May Have to Act Unilaterally to Avoid Default, Khanna Says.

"We're looking at paying the debt largely accrued by Republicans and Republicans are saying 'we don't want to pay up the debt we incurred,'" Khanna said. (Bloomberg) -- The US will not default on its debt but the Biden administration might be forced to take unilateral action to head off a crisis, Representative Ro Khanna, a California Democrat, offering several possible executive maneuvers. [Extracted from the article]