"US Debt Crisis: White House Considers Fallback Options Amidst Stalemate"
TL;DR
The Biden administration and Capitol Hill leaders are exploring alternative strategies to avoid a government default that could occur as early as June 1, as Republicans demand cuts to federal spending in exchange for supporting raising the debt limit, while Democrats continue to call for a debt-limit increase without any other policy conditions.
Topics:nationpolitics#biden-administration#capitol-hill-leaders#debt-limit#federal-spending#government-default#politics
- Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options The Wall Street Journal
- Watch Live: Senate Budget Committee holds hearing on House Republicans' debt ceiling bill | CBS News CBS News
- What is the debt ceiling, and could Biden avoid a financial crisis with the 14th Amendment? Yahoo News
- President Biden and Schumer must get to work to break the debt limit stalemate The Hill
- The US is about to run out of money. Here's who has the most leverage The Independent
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