A Project of The Annenberg Public Policy Center

Default ‘Danger’ Revisited

President Obama's communications director said we’ve "never" been in danger of defaulting before. That's not true. Congress has come close to failing to raise the debt ceiling before defaulting more than once in recent years, under both Presidents Bill Clinton and George W. Bush.
White House Communications Director Dan Pfeiffer appeared on CNN's "John King USA" on July 26, and he told guest-host Jessica Yellin that "in the 200-plus years of our country, we've never been in a situation where we have been in danger of defaulting on our obligations."