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President Joe Biden, Vice President Kamala Harris and congressional leaders will meet once again on Tuesday as the United States prepares to reach its debt limit.There is consensus that the U.S. going over its debt limit would have dire consequences for the economy. However, both parties have drawn a line in the sand on how to address it. Democrats <a href=https://www.stanleymugs.us>stanley mugs</a> have insisted on a bill that just addresses the debt limit. House Speaker Kevin McCarthy said Republicans want to include spending cuts on non-discretionary programs.In a letter to congressional leaders on Monday, Treasury Secretary Janet Yellen said the U.S. remains on track to reach the debt limit in early June. If Congress fails to increase the debt limit, it would cause severe hardship to America <a href=https://www.stanleycup.cz>stanley termoska</a> n families, harm our global leadership position, and raise questions about our ability to defend our national <a href=https://www.stanley-cups.us>stanley cup</a> security interests, Yellen wrote.The Treasury says the U.S. debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. Yellen has warnedthat the U.S. exceeding its debt limit could cause a disruption to things like Social Security payments.SEE MORE: What do Republicans want in the debt ceiling fight Late last month, the Republican-led House passed a bill that would extend the debt ceiling to March 31, 2024, and cut spen Xesc Florida deputy delivers baby after pulling over speeding car
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