Reaching Debt Taunt

“Biden’s request for talks followed a jarring new projection from the Treasury Department that the government could run out of cash to pay its bills in as few as four weeks without additional borrowing authority — an unprecedented event that could rattle world financial markets and tip the fragile U.S. economy into another recession.” Raising the debt limit has always been a given, even during the craziest moments of the Trump era. But now, even that’s changed. Here’s the latest on Washington’s latest showdown that shouldn’t be a showdown at all. WaPo (Free Article): Biden seeks debt ceiling talks, as U.S. faces possible June 1 default.

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