"Debt ceiling standoff continues as Biden meets with political leaders"

1 min read
Source: Financial Times
TL;DR Summary

US President Joe Biden is set to meet with political leaders as the stand-off over raising the US debt ceiling continues. The US Treasury has warned that the country could default on its debt if the ceiling is not raised by October 18. Republicans have refused to support a bill to raise the ceiling, demanding that Democrats address other issues first.

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