US debt ceiling negotiations push towards critical default deadline
By Moira Warburton and Katharine Jackson WASHINGTON (Reuters) – Democratic and Republican negotiators said they were hopeful of reaching a deal to raise the federal government’s $31.4 trillion debt ceiling and avert a disastrous default, with talks expected to resume on Saturday. Time is tight. The Treasury Department on Friday said the government would run short of funds to pay all its bills on June 5 without congressional action, a […]