Debt limit sparks political tension and panic among seniors and investors.
TL;DR
President Joe Biden criticized "MAGA" Republicans for refusing to vote in a higher federal debt ceiling and pushing for "draconian" cuts in the budget. He stated that the last thing the country needs is a manufactured crisis and that paying the debt has nothing to do with the budget. Biden will meet with congressional leaders at the White House on May 9 to negotiate before the U.S. runs out of money to pay its bills as soon as June 1.
- Biden says Republicans are manufacturing a crisis over debt limit Reuters
- Debt ceiling showdown has seniors, investors panicking The Washington Post
- Meet the House Republicans Who Democrats Hope Will Defect on the Debt Limit Yahoo News
- Opinion | Doing Whatever It Takes on Debt The New York Times
- President Biden slams GOP debt ceiling bill ahead of meeting next week CBS News
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