Biden navigates US debt ceiling talks amidst legal and financial risks.
TL;DR Summary
President Joe Biden said talks with Congress on raising the US government's debt limit were moving along and more will be known about their progress in the next two days. Aides for Biden and Republican House Speaker Kevin McCarthy have started to discuss ways to limit federal spending as talks on raising the government's $31.4 trillion debt ceiling to avoid a catastrophic default creep forward. The Treasury Department says it could run out of money by June 1 unless lawmakers lift the nation's debt ceiling.
- Biden says US debt ceiling talks are moving along Reuters
- US Debt Ceiling Looms Over Biden's Foreign Trips Voice of America
- Debt ceiling: Biden faces legal risks, financial peril with 14th Amendment The Hill
- There’s a debt limit escape clause that doesn’t include the 14th Amendment The Hill
- Editorial: No more drama. Congress must pass debt ceiling or risk harming U.S. economy Los Angeles Times
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