Debt ceiling talks at a standstill as White House and Republicans clash.

1 min read
Source: Financial Times
TL;DR Summary

The White House and Republicans are struggling to reach an agreement on raising the debt ceiling, which would allow the government to continue borrowing money to fund its operations. Negotiations have been complicated by disagreements over government funding and other policy issues. Without a deal, the US risks defaulting on its debt and facing severe economic consequences.

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