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Odd man out on debt: Speaker of the House Kevin McCarthy holds the fate of the country in his hands on raising the borrowing cap

Five men meet at the White House today to figure out how to avoid what both the Treasury Department and the nonpartisan Congressional Budget Office agree is the rapidly approaching date, just weeks away, when the federal government can no longer pay its bills. It’s called default and Treasury Secretary Janet Yellen warns that it would be an “economic catastrophe” and “financial chaos,” neither of which we would think that the five men would want.
United States White House District Of Columbia Joe Biden Janet Yellen Kevin Mccarthy

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