H.R. 187, also known as the "Default Prevention Act," is a proposed law aimed at ensuring that the United States can pay its debt when it hits the debt limit. The bill sets up a system where the Secretary of the Treasury must prioritize and manage payments in different tiers,...
Simple Explanation
Imagine the United States has a giant piggy bank to pay for important things like medicine, soldiers, and keeping America safe. The Default Prevention Act wants to make sure that even if the piggy bank runs low, the most important things get paid first and everyone knows how the money is spent by sending reports every week.