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President Biden hosts meeting to try to strike deal to raise the Treasury's debt ceiling
President Joe Biden wants to increase the government's $31.4 trillion legal borrowing limit, so that the federal government can continue to pay its bills and the risk of a historic default goes away. House Speaker Kevin McCarthy and other GOP lawmakers want a deal that guarantees trillions of dollars in spending cuts before they sign on to raising the debt limit.
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President Joe Biden wants to increase the government's $31.4 trillion legal borrowing limit, so that the federal government can continue to pay its bills and the risk of a historic default goes away. House Speaker Kevin McCarthy and other GOP lawmakers want a deal that guarantees trillions of dollars in spending cuts before they sign on to raising the debt limit.
Web Editor : Mark BerginPosted 2023-05-09T12:59:35-0400 - Updated 2023-05-09T12:59:35-0400