Will the US Default on its Debt? | Inside Story January 27, 2023 Unipro2013main News, US Politics, World Economy </p> <h2>A Solution to Avoid a Debt Default</h2> <p> The White House has sought to assure Americans that Congress will find a bipartisan solution to avoid a debt default.<br /> That’s after the country hit its $31.4 trillion borrowing limit on Thursday last week.<br /> Congress usually votes and agrees to raise the limit, as it did the last time in 2021.<br /> But the standoff in Washington this time seems significantly riskier.<br /> Some Republicans have declared they won’t raise the borrowing ceiling again unless President Joe Biden agrees to steep cuts in federal spending.<br /> So what happens next?<br /> And what effect does all this have on the global economy?<br /> <br /> Credit to : Aljazerra</p> <p> Please support our Sponsors here :
