U.S. hits debt ceiling as partisan standoff sparks economic worries

WASHINGTON  – The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats on lifting the ceiling, which could lead to a fiscal crisis in a few months. Treasury Secretary Janet Yellen informed congressional leaders including House Speaker Kevin McCarthy that … Continue reading U.S. hits debt ceiling as partisan standoff sparks economic worries