Debt talks run down to the wire: Does it have to be like this?
Even as congressional negotiators near a deal with the White House on raising the U.S. debt limit, avoiding default isn’t a foregone conclusion. That’s stirring criticism of the debt limit process itself.
High-stakes negotiations over the debt limit are intensifying between House Speaker Kevin McCarthy and President Joe Biden as the clock ticks down toward default on the country’s record national debt.
Though there are growing signals that they are getting closer to a deal, conservative Republicans are threatening to block it. All of which begs the question: Why is...