The federal authorities has maybe lower than a month left earlier than an economically devastating default on its debt.

Regardless of who bears the political blame for a default, aides acknowledge that President Biden has quite a bit to lose if the nation ideas into recession simply as he’s transferring into his re-election marketing campaign.

Mr. Biden has a number of strategic choices as he tries to stop that from taking place. All have been the topic of discussions contained in the administration and with Democratic allies in…

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