Time running short to raise US debt ceiling as Biden, McCarthy meet
By David Morgan and Jarrett Renshaw WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican Kevin McCarthy will sit down on Tuesday to try to make progress on a deal to raise the U.S. government’s $31.4 trillion debt ceiling and avert an economically catastrophic default. They have little time to reach an agreement. The U.S. Treasury Department on Monday reiterated its warning that it could run short of money […]