NewsNuggs.com Fire Emoji Icon
Stay informed, not overwhelmed!

✨ Get the Full NewsNuggs Experience ✨

Exclusive content, personalized news, and advanced features only available in the iOS app

📱 Download on the App Store

U.S. Faces Debt Ceiling Dilemma, Risk of Default Looms

The US risks running out of money to pay bills by August if lawmakers don't reach a debt limit deal, according to the Congressional Budget Office. Treasury has already hit the $36.1 trillion debt limit, with potential consequences of defaulting.