Under Threat of Default, Will Republicans and Democrats Negotiate on Government’s Debt?
The United States will likely reach the limit on how much money it can borrow to pay bills this week. Raising the debt ceiling is shaping up to be a Capitol Hill showdown.
The $31.5 trillion limit caps how much debt the government can have. Congress has regularly raised the ceiling so the government can keep paying its bills and not default on the debt.
The White House made its position clear last week.
Read the full story from CBN’s Matt Galka:
https://www1.cbn.com/cbnnews/politics/2023/january/under-threat-of-default-will-republicans-and-democrats-negotiate-on-governments-debt
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