US Treasury: Debt Ceiling Brinksmanship Threatens US Debt Credit Ratings

The US Treasury Department says the debt ceiling's brinksmanship is seriously hurting businesses and American families, raising short-term borrowing costs for taxpayers and threatening the US debt credit rating. Tonight's warning underscores the need for Congress to act quickly and bipartisan to raise or temporarily shelve the debt ceiling and avoid creating an artificial crisis for the economy.