After months of delays and political posturing, Republicans and Democrats are now blaming each other for not negotiating sooner on the debt limit as deadline looms
The U.S.
relies on debt for much of its spending — but what would spending cuts look like? WSJ explains how much the Treasury relies on debt, where it goes and what happens when the Treasury hits the debt ceiling. Photo illustration: Madeline Marshall, logistical hurdles, disagreements on the scope of any talks, a tight legislative calendar and a late start are complicating negotiations over raising the debt ceiling.
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