Debt-ceiling negotiations stall amidst growing concerns.
TL;DR Summary
Negotiations between Democrats and Republicans over raising the US debt ceiling have been paused, with both sides blaming each other for the lack of progress. The US Treasury has warned that the government will run out of money to pay its bills by mid-October if the debt ceiling is not raised. Failure to do so could result in a government shutdown and damage to the economy.
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- Debt ceiling negotiators pushing for weekend deal, but much work remains WGN News
- Debt ceiling clash should push states to rely less on federal money The Hill
- The US debt ceiling crisis is more proof of Republicans’ cynicism and bad faith The Guardian
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