US debt crisis: Biden vows 'no default'

Headline: The Jakarta Post

There are seven days until June 1 -- the earliest possible point when the government estimates it could run out of money to service its debts -- and missed loan repayments would likely spark a recession, roiling world markets.
The Jakarta Post
Lawmakers narrowly passed the Limit, Save, Grow Act in April offering details of what Republicans want to see before agreeing to raise President Joe Biden's borrowing limit, although Democrats in the Senate have already promised to shoot the bill down upon its arrival.
Newsweek
With about a week left before the U.S. government will reach its limit to borrow more money and add to the $31.8 trillion national debt, negotiations between congressional Republicans and President Biden seem to be at a standstill.
The Hill
Bowman’s comments come as a number of Democrats expressed their frustrations with the party’s handling of the debt ceiling as House Republicans and White House negotiators continue talks to avoid an unprecedented government default.
HuffPost

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