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Republicans Have a Plan to Bankrupt the Country, Says White House Chief of Staff

In a recent letter to Congress, Treasury Secretary Janet Yellen warned of “certain extraordinary measures” that will have to be put in place in order to prevent the US from defaulting on its obligations due to the debt ceiling limit being reached.

The US government is set to hit its borrowing limit on Friday, January 19th and with it comes a fierce battle over government spending that could harm an already fragile economic outlook.

In response, White House Chief of Staff Ron Klain tweeted out his disapproval saying: "Republicans want to make payments to wealthy foreign bondholders instead of funding other federal programs like national parks and food stamps." Schumer and Jeffries released a joint statement expressing worry over what would happen if Democrats don't act quickly enough in their efforts towards raising the debt ceiling: "Failure to meet our government’s obligations could cause irreparable harm not just here at home but globally." What's more worrying is that if Congress fails on their part, they risk causing long-term damage even if they do end up raising it by prolonging this fight. Back 2011 when there was another nasty battle over raise negotiations led Standard & Poor into downgrade US credit rating - making borrowing money more expensive from then onwards - all due to lack of compromise between parties involved.

As we all know too well by now, compromise isn't something you'd expect from either party; especially not those who belong under Trump's MAGA umbrella who seem relentless in their pursuit for cuts no matter how costly it may prove for Americans or how fundamentally harmful it can become for existing federal programs . Unfortunately though as history has proven time and time again we can expect this debate period last quite some months before anything happens — causing stocks plunge , job losses , weak dollar value etc.- thus leading us down an even darker path than before .

One thing is certain though , whichever party ends up winning this race – whether it be those who prioritize payers safety or those looking out solely towards financial gain – Americans will ultimately pay the cost; without fail! It looks like 2021 is going start off just as 2020 ended!