US lawmakers negotiate how to address the federal debt ceiling

Congress faces a looming deadline to raise the debt ceiling and prevent a default on the national debt. Here’s what you need to know about how the debt ceiling works and why it matters.

If the U.S. failed to raise or suspend the debt limit by Oct. 18, the country would default for the first time in history, Treasury Secretary Janet Yellen warned lawmakers on Tuesday, leading to a self-inflicted economic recession and a financial crisis

Democrats raced to both avoid a government shutdown and salvage President Biden’s domestic agenda on Capitol Hill.

What people are saying?

tlk1981 GOP does not care about America or it’s citizens or the impact of a debt default on them! They only care about regaining power in 2022! They are unfit to govern this nation! They deserve to be thrown out of Congress in 2022!

FARON STEWART High tides lift all boats. Few mention that all boats have a responsibility to sail. Less than fifty percent of us actually pay a federal tax. If you want equality you have to at some point contribute. The trades are the key. Many opportunities.