The latest on negotiations over raising the U.S. debt ceiling – Gist It

The latest on negotiations over raising the U.S. debt ceiling

House Republicans and the White House are in negotiations to reach a debt deal before the US runs out of money to pay its bills.

Deadline approaching: There are just days left for negotiators to reach a deal to raise the U.S. debt ceiling.
* The U.S. could soon run out of money to pay its bills, making it imperative for a deal to be reached.
* House Republicans and the White House are involved in the negotiations.

Critical repercussions: Failing to reach a deal could potentially lead to serious consequences for the U.S. economy.
* A risk of defaults on government debts and potential impact on financial markets.

Continuing negotiations: Both parties are racing against time to clinch a debt deal.
* Further rounds of discussions are expected to devise a solution and avoid a crisis.

View original article on NPR

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May 25, 2023

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