Wouldn’t even need to do that. The entire treasury debt system is voluntary. Nothing keeps congress from winding it down altogether. Or a compromise like orderi

Wouldn’t even need to do that. The entire treasury debt system is voluntary. Nothing keeps congress from winding it down altogether. Or a compromise like ordering the Fed to set interest rates to 0 and “borrowing” forever at that rate. And then there’s platinum coin shenanigans. Point being this system is a creature of the US Government and given the political will it can set the rules however it likes, even while nominally honoring all present obligations.