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US debt ceiling: Will the deadlock finally break?

There are 10 days to go until the US either increases the government's self-imposed borrowing limit or it triggers an unprecedented default.

US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera speaks to Professor in Economics at Northeastern University, Nancy Kimelman.

(Picture: US President Joe Biden speaks to the press after meeting with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell at the White House in Washington, DC, on May 9, 2023. Picture Credit: Getty Images).

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27 minutes

Last on

Mon 22 May 202322:32GMT
BBC World Service except Europe and the Middle East

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  • Mon 22 May 202321:32GMT
    BBC World Service Europe and the Middle East & BBC Afghan Radio
  • Mon 22 May 202322:32GMT
    BBC World Service except Europe and the Middle East

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