Get all your news in one place.
100's of premium titles.
One app.
Start reading
360info
360info
Business
Steven Pressman, The New School for Social Research

REVEALED: How the us could easily avoid default | Vintage Vibes

The US government is close to running out of cash.

It hasn't been able to borrow any new money since January, when it reached its debt ceiling of $31 trillion.

If the government defaults on its debts, there are fears it could crash the global economy. Intense negotiations between Democrat President Joe Biden and the Republican-controlled House of Representatives to avoid this scenario are ongoing.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.