House Republicans are locked in a standoff with the Biden administration over a deadline to raise the national debt ceiling or risk fiscal calamity.The Treasury Department has warned that it will need to take "extraordinary measures" starting Thursday to delay an economic catastrophe for a few months now that the federal government has borrowed up to the current $31.4 trillion debt limit.
#biden-administration #white-house #administration #federal-government #house-republicans #treasury-department
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