Treasury Unable to Prioritize Bill Payment If Debt Ceiling Reached, Say Former Officials

Former U.S. Treasury officials have said there is no way to prioritize which bills would get paid first in the event that the United States reached its statutory debt ceiling.
Rep. David Schweikert (R-Ariz.) asked U.S. Treasury Secretary Janet Yellen whether the Treasury now has the capability to prioritize bill payments if the government can no longer borrow money to pay its bills.
Yellen has not responded to the Jan. 31 letter, and the Treasury did not reply to a request for comment by deadline.
Negotiations over raising the U.S. debt ceiling, essentially the credit-card limit of the federal government, began on Feb. 1 with a meeting between President Joe Biden and House Speaker Kevin McCarthy….}