'Severe hardship to American families' is inching closer and closer as Congress fails to find a debt ceiling solution, Janet Yellen warns
, Congress is running out of time to avert a crisis.
For months, President Joe Biden and lawmakers on both sides of the aisle have been sounding the alarm on the importance of raising the debt ceiling before the US hurdles into an unprecedented and catastrophic default on its debt. Last week, Biden finally met with McCarthy and top congressional lawmakers to discuss a potential deal to raise the debt ceiling, and on Sunday, the president offered optimism toward the direction of those talks.reporters on Sunday.
Biden is expected to meet with McCarthy and other top lawmakers on Tuesday to once again attempt to come to an agreement on raising the debt ceiling, but at this point, both sides appear to remain split on a solution to the crisis.
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