If the U.S. doesn't cut spending over the next decade, taxpayers will pay trillions just to service the nation's debt. The Biden admin wants to continue fronting the bill to future generations. More info:
President Biden and Speaker McCarthy had a brief meeting Tuesday to avoid a default.
McCarthy, who was both agitated but optimistic afterwards, admitted that the two would attempt to reach a deal by June 1 in order to avoid a shutdown. The President also announced he is cancelling an upcoming trip to Papua New Guinea and Australia amid the negotiations.Categories
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