In a groundbreaking development, the White House and congressional Republicans have reached a historic debt deal to avoid a catastrophic government default. This agreement brings a temporary solution to the pressing issue of the nation’s debt ceiling, ensuring that the United States can meet its financial obligations. Delve into the details of this pivotal moment in fiscal responsibility and explore the implications and challenges tied to the national debt.
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United States
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EconomyFinance
U.S. President Joe Biden and Top Republican Negotiating Deal to Raise Debt Ceiling
by Sven Patzerby Sven PatzerU.S. President Joe Biden and top congressional Republican Kevin McCarthy are currently engaged in high-stakes negotiations to reach a deal that would cut spending and raise the government’s $31.4 trillion…