What is the US debt ceiling and what would happen if it is not raised? - short news
A deal between the White House and US House speaker has been agreed in principle, but still needs to pass a divided US congress
Joe Biden and the House Republican speaker, Kevin McCarthy, have reached a deal “in principle” to raise the federal government’s $31.4tn debt ceiling, potentially averting an economically destabilising default on 5 June.
With any new agreement still required to pass through a divided Congress, the risk that the Treasury department runs short of..
source: The Guardian - 28.05.2023