US National Debt Tops $37 Trillion
Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.
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Some Movement Reported In Debt Limit Talks As Biden Cuts Short Overseas Trip
President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal.
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U.S. Default Could Begin June 8 Without Agreement, Top Economist Tells Congress
Unless Congress can strike a deal, the U.S. Treasury will likely default on the nation’s bills starting June 8, triggering major consequences for the economy, according to Mark Zandi of Moody’s Analytics.
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