Democrats and Republicans still have not reached a deal to raise the nation's debt limit before June 1, when Treasury Secretary Janet Yellen says the government will run out of money and must be able to take on more debt.
If the limit is not raised, Social Security and other payments could be delayed. The U.S. could also default for the first time in the country's history, and the global economy could feel the impact.
Also:
Resources:
https://www.washingtonpost.com/business/2023/05/05/debt-ceiling-increase-comic/
https://www.reuters.com/markets/us/yellen-maintains-early-june-us-debt-ceiling-deadline-2023-05-24/
https://apnews.com/article/fetty-wap-rapper-sentenced-federal-drug-charges-bf8a5e3ebcdb9286ec1048c747428b94
Democrats and Republicans still have not reached a deal to raise the nation's debt limit before June 1, when Treasury Secretary Janet Yellen says the government will run out of money and must be able to take on more debt.
If the limit is not raised, Social Security and other payments could be delayed. The U.S. could also default for the first time in the country's history, and the global economy could feel the impact.
Also:
Resources:
https://www.washingtonpost.com/business/2023/05/05/debt-ceiling-increase-comic/
https://www.reuters.com/markets/us/yellen-maintains-early-june-us-debt-ceiling-deadline-2023-05-24/
https://apnews.com/article/fetty-wap-rapper-sentenced-federal-drug-charges-bf8a5e3ebcdb9286ec1048c747428b94