Pelosi: Not Lifting Debt Limit Would Be ‘Beyond Cataclysmic’

Speaker of the House Nancy Pelosi is seen at the Emily's List 2008 Convention Gala at the Democratic National Convention in Denver, Tuesday, Aug. 26, 2008.
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House Minority Leader Nancy Pelosi (D-CA) berated House Republicans Thursday for threatening not to lift the federal government’s debt ceilling without concessions from the White House, saying such a move would wreak economic havoc.

“Republicans are determined to hold the full faith and credit of the United States hostage to their radical demands,” Pelosi said. “This poses a cataclysmic danger to the stability of our markets and the economic security of our middle class.”

Pelosi urged Speaker John Boehner to bring a clean debt limit bill to the House floor, promising Democratic support to pass it. “We will provide a huge number of votes,” she said.

“This is playing with fire,” she said.

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