Debt-Limit Dealmaker of 2011 Lays Out What Will Happen This Time
- Rohit Kumar says US may reach brink of default before deal
- Kumar served as McConnell’s chief negotiator in 2011 talks
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Senate Republican leader Mitch McConnell’s chief negotiator in the 2011 debt-limit crisis warned that US political leaders are again likely to take the nation to the brink of a default and that there’s at least a slim chance the Treasury will miss payments.
“I do expect that it will take if not to the bitter end then much closer to the bitter end than we all would like,” said Rohit Kumar, who’s now a principal at PwC, said in an interview. “And I just think we all have to be emotionally prepared for that.”