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obligations. it has until the first ofjune to sign an agreement or the us could face an economic catastrophe. in just over two weeks the united states could run out of money to pay its debts. the consequences of breaching the debt limit would be catastrophic for the country. and there is pressure on democrats and republicans to make a deal before june first. us presidentjoe biden spoke about the debt ceiling negotiations before leaving for the g7 summit injapan, a trip he is cutting short to get back to washington to continue the talk. i made clear that america is not a deadbeat nation, we pay our bills. the nation has never defaulted on its debt and it never will. we re going to continue these discussions with congressional leaders in the coming days until we reach an agreement. president biden and congressional leaders have agreed the country will not default but the consequences would be dire for the american economy and all sides are confident that they will be able ....
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