Will the government shutdown at the end of the month?
About two-and-half weeks remain until the government runs out money and absent swift action from Congress a shutdown will occur at midnight on Sep. 30.
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House Speaker Kevin McCarthy
Time is running out to reach a debt ceiling agreement. Will the US default?
Now, less than 10 days away from the June 1st, the date at which Treasury Secretary Janet Yellen has repeatedly warned that the government might surpass its borrowing limit-negotiations between House Republicans and the White House have yet to produce concrete results.
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Lawmakers and analysts say failure to reach debt ceiling agreement could wreak significant economic damage
The longer the debate the drags on the more perilous the situation becomes because even coming up against the precipice of the June deadline could have major economic consequences, just as it did in 2011 when lawmakers did not reach an agreement until the last minute.
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