US may default June 1 without debt ceiling hike; Biden calls McCarthy to meet

WASHINGTON  – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills as soon as June. The U.S. Treasury said that it could run out of money to pay all of the government’s bills as soon as June without a debt limit increase, prompting Biden to call for the … Continue reading US may default June 1 without debt ceiling hike; Biden calls McCarthy to meet