Debt ceiling negotiations continue with potential consequences for US economy.
TL;DR Summary
The White House and Republicans have begun negotiations to shape a deal on raising the debt ceiling, which is set to expire on July 31. The two sides are discussing a potential agreement that would increase the borrowing limit and avoid a default on US debt. However, there are still disagreements over the size and scope of the deal, with Republicans pushing for spending cuts and Democrats advocating for a larger increase in the debt ceiling.
- White House and Republicans start to shape debt ceiling deal Financial Times
- Panel: Even if Biden and McCarthy reach a debt limit deal, 'you still need to count the votes' NBC News
- Debt ceiling: Still no plan to avoid a default, but major shifts in posture CNN
- 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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