Measures Byjune News Today : Breaking News, Live Updates & Top Stories | Vimarsana

warning over the country's debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. without an agreement to increase what the federal government can borrow, it could run out of money by earlyjune. at that point the federal government might not be able to make wage, welfare and other payments. our north america business correspondent michelle fleury is live in new york for us. we have been here before but once again, a stark warning that if nothing is done, it causes huge repercussions around the world. this is because...

And that is why you have had this increasing drumbeat as we get closer to the kind of point at which the treasury runs out of money, warnings, the latest of which, perhaps, the starkest so far, coming on sunday, that failure to raise the debt ceiling would cause a steep economic downturn, she talked of financial chaos and she appeared on a us tv station over the weekend to say that the department would run out of measures byjune, that is the so—called x date. only a deal with congress could avoid potential economic chaos. it is congress's job to do this. if they fail to do it, we will have a...