US President Joe Biden is set to meet again with Congressional leaders later on Tuesday in an attempt to break a stalemate and strike a deal on America's impending debt ceiling crisis.
The United States has already reached its borrowing capacity limit — in excess of $31 trillion.
But following months of special measures to keep paying the nation's bills, the Treasury now says the ceiling needs raising by June 1st, or else the country would have to default on its debt, as Benji Hyer reports.
IN: Consensus has been
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