Biden Admin. In Panic Ahead Of Debt Ceiling Deadline | Will The U.S. Default?

Biden administration is in a state of panic as the default ceiling deadline nears. The administration raised warned of ‘catastrophic’ consequences for the US economy, in case, the U.S. does default as the negotiations with the Republicans have not yet led to a desirable result. The Biden admin raised yet another alarm last week after the treasury secretary warned of job losses and other serious consequences earlier.