U.S. default could begin June 8 without agreement, top economist tells Congress

By: - May 5, 2023 4:08 am

House Speaker Kevin McCarthy vowed that his party will not raise the nation’s borrowing cap without simultaneous budget reductions. Republicans pushed through a debt ceiling bill April 26 by a slim margin, 217-215, to temporarily raise the limit by $1.5 trillion or until March 31, 2024, whichever comes first. (Courtesy photo)

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Ashley Murray
Ashley Murray

Ashley Murray covers the nation’s capital as a senior reporter for States Newsroom. Her coverage areas include domestic policy and appropriations.