Posts tagged as “The U.S. Air Force Academy”

The US has officially hit its $34.1 trillion debt ceiling and the government has begun "extraordinary measures" to pay bills. House Speaker Kevin McCarthy has accepted an invitation from President Biden to discuss a solution, while Senate Minority Leader Mitch McConnell has said the US "never has and never will" default on its debt. House Republicans have threatened to hold the Biden administration hostage over the debt limit, and the outcome of negotiations between the White House and House Republicans could have a significant impact on the financial security of American households.