The US may face economic chaos or default if President Biden and the GOP lawmakers do not agree on an increase in the government's $31.4tn legal borrowing limit. While Biden wants to guarantee the government continues to pay its bills, Republicans want a trillions-dollar spending cuts guarantee. The treasury warns of a historic default by June 1, emphasizing the need for an agreement.from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/JtiZxPK
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