Updated: May 23, 2023, 05:40 PM IST
livemint
US President Joe Biden and the Republican House… MoreUS President Joe Biden and Republican House Speaker Kevin McCarthy met to discuss raising the country’s debt ceiling. The debt ceiling limits how much the US federal government can borrow to pay its accounts. Although both described their latest talks as productive, no agreement was reached between the warring sides. These are some of the most important days of the Biden presidency as the deadline to raise the debt ceiling looms large. In the words of US Treasury Secretary Jenny Yellen – America may run out of cash by June 1st.