‘Time’s up’: Deal on US debt ceiling close as default loomsaljazeera.com/news/2023/5/26/times-up-deal-on-us-debt-ceiling-close-as-default-looms
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…
This story appeared on aljazeera.com, 2023-05-26.