White House warns failing to raise debt limit will threaten US national security, military families

EXCLUSIVE: The White House is warning that a failure to raise the debt limit would threaten U.S. national security and warned it would have “implications” for military families.

"At a time when liberal democracies are being challenged to deliver for their people, by autocracies abroad, now is not the time to undermine the credibility of the U.S.’s ability to govern," the White House memo said. "If the U.S. defaults on its obligations, the ripple effects will have implications for our national security and military families."

The White House memo warned that if the U.S. defaults and can no longer pay its obligations, it could "undermine our national security and international credibility."