Biden, McCarthy aim to break US debt-ceiling standoff as default crisis looms

WASHINGTON – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to raise the federal government’s … Continue reading Biden, McCarthy aim to break US debt-ceiling standoff as default crisis looms