Last-Minute Debt Ceiling Dispute Blasted as ‘Brinkmanship’ – Will the US Economy Take Another Hit?

WASHINGTON, D.C. — Negotiations over how to raise the debt limit went well into the night at the Capitol on Monday. There are just days to go before the country potentially runs out of money, with experts saying a default would be catastrophic for the economy.

The government could run out of cash to pay its bills as soon as June 1, but President Joe Biden and House Speaker Kevin McCarthy (R-CA) seemed optimistic talks were moving in the right direction.

“We still have some disagreements, but I think we may be able to get where we have to go. We both know we have a significant responsibility,” President Biden said while sitting with McCarthy at the White House.

Read the full story from CBN’s Matt Galka:
https://www2.cbn.com/news/us/last-minute-debt-ceiling-dispute-blasted-brinkmanship-will-us-economy-take-another-hit

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