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US debt ceiling: Congress heads home for holiday without a deal

2023-05-26 01:50
"We're gonna work 24/7", says House Speaker Kevin McCarthy as time runs low to raise the debt ceiling.
US debt ceiling: Congress heads home for holiday without a deal

Lawmakers in Washington are preparing to leave town for a holiday weekend, with time running out to reach a deal over raising the debt ceiling.

The US Treasury has warned that the country will not have enough money to pay all of its bills as soon as 1 June.

Analysts say if the US fails to...