President Biden and lawmakers will resume their talks at the White House on Tuesday over the debt limit for 2023.

President Biden and Lawmakers will talk again at the White House about the debt limit

On Tuesday, President Biden and Congressional Leaders will meet at the White House to resume their talks about the debt limit for 2023. The nation is closer to its legal borrowing authority and most like reached a debt limit this year.

At their last meeting, the President was hopeful that an agreement be made with Republicans to evade an unexpected debt limit that could result in a financial disaster.

An increase in the debt limit will not authorize new state spending. This will only allow them to borrow and pay for what lawmakers have approved.

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The government may drain the capability to pay bills early as June

The treasury department stated the government might lose its ability to pay bills in June. The government can finance its operation until July and possibly reach its debt limit.

In Congress, there is always gameplay. If you dare to jump, it will be dangerous.

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