President Biden and congressional leaders will meet this afternoon to debate what, if something, they’ll do to forestall a looming financial disaster.
The talks on the White Home are concerning the type of deal Democrats and Republicans would possibly attain to extend the restrict on cash the federal authorities can borrow. The stakes are excessive: If the debt restrict is just not elevated, the federal government may default on its money owed. The U.S. has borrowed tens of trillions of {dollars}, so a default may set off chaos in…
