Experts warn of potential US default as debt ceiling deadline approaches.

1 min read
Source: USA TODAY
Experts warn of potential US default as debt ceiling deadline approaches.
Photo: USA TODAY
TL;DR Summary

Former aides on the front lines of the 2011 debt ceiling crisis say that this year's fight is different, as both sides appear to be miles apart and negotiations are proceeding at a slower pace. The country could run out of cash to keep paying its debts as early as June 1, and any resolution is almost certainly going to require bipartisan support. Once a deal is reached, both sides will likely spin the agreement and argue they won out. Even if the country defaults, there will have to be a deal one way or another.

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