WASHINGTON - This gives negotiators for President Joe Biden and House Republican Speaker Kevin McCarthy a little breathing room as they work to find a bipartisan solution to lift the current spending cap, known as the debt ceiling.
But although murmurs of a possible deal have grown in recent days, no agreement has yet materialised as lawmakers head into the long Memorial Day weekend.
With each day that passes, the chance of the United States stumbling into a scenario where it cannot pay all its existing bills known as the "X-date" - is increasing.
In mid-January, the US federal government reached its borrowing cap of more than US$31.4 trillion (S$42 trillion). Since then, it has used special accounting measures to extend the life of the money it is allowed to spend without raising the borrowing limit.
هذه القصة مأخوذة من طبعة May 28, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 28, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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The children from his previous marriage were so underfed that they ate their own faeces
