Time is tight. The Treasury Department on Friday said the government would run short of funds to pay all its bills on June 5 without congressional action, a slightly later but firmer deadline than its prior forecast of default as early as June 1. And any deal in principle between Democratic President Joe Biden and top congressional Republican Kevin McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress.from International-News-Economic Times https://ift.tt/HQWPjFX
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