Debt Ceiling Discussions Begin
May 09, 2023•9 min
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Episode description
The Treasury Department says the government could default on its debt as soon as June 1st if Congress doesn’t raise the debt ceiling. CNN Capitol Hill reporter Melanie Zanona explains the high stakes meeting happening between President Joe Biden and congressional leaders. Both sides haven’t indicated any interest in compromising, but a default would be disastrous for the economy.
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