Biden sounds hopeful on debt ceiling, Treasury warns of June 5 default

Written by on May 27, 2023

WASHINGTON, May 26 (Reuters) - Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt ceiling after the Treasury Department warned that a June 5 default loomed without action.

The two sides have been negotiating for weeks on an agreement to raise the federal . . .

Current track