Updated: May 15, 2023, 06:25 PM IST
livemint
The Biden administration is in a state of panic because… MoreThe Biden administration is in a state of panic as the default ceiling deadline approaches. The administration warned of ‘catastrophic’ consequences for the US economy if the US defaults as talks with Republicans have not yet yielded the desired results. The Biden administration raised another alarm last week after the Treasury secretary warned of job losses and other dire consequences.