The U.S. government is set to hit the debt limit on Thursday, and the White House has made it clear that it will not negotiate over it. Republican lawmakers have proposed using the debt limit as a bargaining chip, but the Democratic-led Senate and President Joe Biden are unlikely to accept their conditions. If the two sides fail to reach an agreement, the consequences could be severe. The Treasury Department has estimated that it will run out of money by the end of July if the debt limit is not raised.
White House Refuses to Negotiate Over Debt Limit, Treasury Secretary Warns of Potential Consequences
White House Refuses to Negotiate Over Debt Limit, Treasury Secretary Warns of Potential Consequences
