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

President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling. Yet there was no agreement Monday as Washington races to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially devastating federal default as soon as next week.

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