A default could upend global financial markets and push the United States into a major recession.
US President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most programmes, news reports say.
A default could upend global financial markets…

#republican#kevinmccarthy#dbrsmorningstar#treasury#wallyadeyemo#dondavis#usairforce#kevinhern